The ISM Services Index clearly shows the US economy is not remotely close to slowing down
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Argonath Financial
The ISM Services Index clearly shows the US economy is not remotely close to slowing down. Economists were projecting a 57.7 reading (down form July's 58.7). Instead, the number reached its highest level since August 2005 at 59.6. The Business Activity component of the index climbed to 65 percent, up 2.6% from July. That's the highest level since December 2004. Meanwhile, the Prices Index decreased 3.2% from July, which indicates inflationary pressure continues to be a non-issue. All 15 services industries reported growth for the month. Overall, this is about as positive as an economic report can be for those looking for economic growth. (VIEW LINK)
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I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
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I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise