U.S. ISM services PMI rises to 55.4 in August
The ISM reported its services PMI rose to 55.4 in August from 54.1 in July, with the index staying above 50 indicating service-sector growth.
WASHINGTON (dpa-AFX) - Service sector growth in the U.S. accelerated more than expected in the month of August, the Institute for Supply Management revealed in a report released on Thursday.The ISM said its services PMI rose to 55.4 in August from 54.1 in July, with a reading above 50 indicating gr…