U.S. Services Gauge Climbs to Five-Month High on Gain in Orders

Wednesday, 5 February 2020 22:26 WIB Ekonomi AS ISM Non-Manufacturing

Firmer business activity and orders helped lift a gauge of U.S. service providers to a five-month high in January, indicating steady growth in the broader economy at risk of wavering amid mounting concerns about the coronavirus. The Institute for Supply Management's non-manufacturing index climbed to 55.5, exceeding the median projection in a Bloomberg survey of economists, from 54.9 a month earlier, according to data issued Wednesday. A measure of business activity climbed to an almost one-year high. The subindex, which parallels the group's index of factory production, has jumped 8.6 points in the last two months, the biggest gain in 11 years. The...



Employment Change in the US private sector came in at +291,000 in January following December's increase of 199,000 (revised from 202,000), the Automatic Data Processing (ADP) reported on Wednesday. The US Dollar Index edged higher after the data...

A gauge of U.S. manufacturing rebounded sharply in January, topping estimates and signaling growth in the beleaguered sector for the first time since July. The Institute for Supply Management's purchasing managers' index, based on a survey of...

China's factory activity expanded at its slowest pace in five months in January, even as an outbreak of a new virus added to risks facing the world's second-largest economy, a private survey showed on Monday. The Caixin/Markit Manufacturing...

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