US: ISM Services PMI rises to 54.5 In August vs. 52.5 expected

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US: ISM Services PMI rises to 54.5 In August vs. 52.5 expected
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The economic activity in the US service sector continued to expand in August, for the eighth consecutive month, with the ISM Services PMI rising from

Further details of the publication revealed that the Employment Index edged higher from 50.7 to 54.7, while the Prices Paid Index climbed to 58.9 from 56.8, "indicating a faster rate of increases and a movement from equilibrium."

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