POPA Recon[Breaking News] US July ISM service industry PMI recorded at 54.1 (previous month’s 54.0, expected 54.5)
[Breaking News] US July ISM service industry PMI recorded at 54.1 (previous month’s 54.0, expected 54.5) ❓PMI: Purchasing Managers' Index. Leading economic indicators based on a survey of purchasing managers in the manufacturing and service industries. 50 baseline — expand above 50, contract below. Announced by S&P Global, ISM, etc. ❓Services PMI: Services PMI. Calculated from a survey of purchasing managers at service companies. 50 baseline — expand above 50, contract below. It accounts for 70%+ of U.S. GDP, so it is a major signal of the economic trend. ❓ISM: Institute for Supply Management…
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