The ISM Non-manufacturing report on business shows that the services sector of the economy is booming. In July, the ISM services index hit its highest level since 2005 and its 4th highest level on record. Among the sub-components, business activity, new orders, and employment were all strong. About 80% of U.S. economic output comes from the services sector.
Latest posts by Jeremy Jones, CFA (see all)
- Dividend Kings: Are Dividend Kings the Best Dividend Stocks to Buy? - November 21, 2019
- It’s Not Just the Rich Democrats Are After - November 20, 2019
- Fed’s Rosengren Warns About Financial Stability - November 19, 2019