USA ISM Non-Manufacturing Prices For July 57.0 Vs 56.0 Est.; 56.3 Prior
Portfolio Pulse from Benzinga Newsdesk
The USA ISM Non-Manufacturing Prices Index for July came in at 57.0, higher than the estimated 56.0 and the prior month's 56.3.
August 05, 2024 | 2:00 pm
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The USA ISM Non-Manufacturing Prices Index for July increased to 57.0, surpassing both the estimated 56.0 and the previous month's 56.3. This indicates potential inflationary pressures in the service sector, which could impact the broader market.
The higher-than-expected ISM Non-Manufacturing Prices Index suggests inflationary pressures in the service sector. This could lead to market volatility as investors weigh the implications for interest rates and economic growth.
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