US services activity rebounds

By Agence France-Presse

Aug 07, 2024 12:22 am

WASHINGTON, D.C. — The US services sector bounced back in July on stronger business activity, new orders and employment, according to survey data released on Monday, striking a positive note amid downbeat market sentiment.

The Institute for Supply Management's (ISM) services index stood at 51.4 percent last month, up from 48.8 percent in June.

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