New data ISM Services Prices (Aug)
9/5/2024
actual 57.3, previous 57
The ISM Services Prices report for August is scheduled to be released on September 5, 2024, at 14:00 GMT. This economic event measures the changes in prices for services in the United States.The actual value for this report is 57.3, which is a slight increase of 0.3 from the previous value of 57. The estimate was 56, indicating that the actual value exceeded expectations.
This event is categorized as having a low impact on the market. An increase in service prices can be an indicator of inflationary pressures in the economy. A higher-than-expected reading may lead to speculation about potential interest rate changes by the Federal Reserve to control inflation.
This is not investment advice. Remember to verify the information provided here.
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