Category: economic activity

U.S. Services Sector Picks Up as Supply and Price Pressures Ease

August 5, 2022
Business & MarketsCompanieseconomic activityeconomygrowthinflationMarketsorderssupply chainUS
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The U.S. services industry picked up in July as new manufacturing orders saw steady increases with 26 consecutive months of expansion, according to the Institute for Supply Management (ISM) survey released on Aug. 4. The survey comes after the Commerce Department reported that the U.S. economy contracted by 1.3 percent in the first half of 2022,…

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US Services Sector Picks Up as Supply and Price Pressures Ease

August 5, 2022
Business & MarketsCompanieseconomic activityeconomygrowthinflationMarketsorderssupply chainUS
0 Comment

The U.S. services industry picked up in July as new manufacturing orders saw steady increases with 26 consecutive months of expansion, according to the Institute for Supply Management (ISM) survey released on Aug. 4. The survey comes after the Commerce Department reported that the U.S. economy contracted by 1.3 percent in the first half of 2022,…

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Australian Construction Sector Sees Improved Activity in February

March 2, 2022
Australiaconstructioneconomic activityWorld
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Australia’s construction industry saw some improvement in February after the disruptions caused by the COVID-19 Omicron variant over December and January. The Australian Industry Group/Housing Industry Association performance of construction index rose 7.5 points to 53.4 in February, indicating the sector is again growing with a score above 50 points. Ai Group chief policy advisor…

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