Monday, 19 November 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
U.S. Service-Industry Expansion Cools From Near-Record Pace
Monday, 5 November 2018 22:23 WIB | UNITED STATES |ISM AS

A gauge of U.S. service industries fell by less than forecast in October from a near-record level, suggesting the economy's momentum is holding up this quarter, an Institute for Supply Management survey showed Monday.

Non-manufacturing index declined to 60.3 (est. 59) from 61.6; readings above 50 indicate expansion.

Measure of business activity slipped to 62.5 from a 14-year high of 65.2 the prior month.

Employment gauge declined to 59.7 from a record 62.4.

The index -- which covers sectors representing about 90 percent of the economy -- indicates growth is on track to remain solid in the fourth quarter after posting the best back-to-back periods since 2014, and also helps explain Friday's strong employment report. The business activity index, one of four components of the main gauge, slipped while remaining near the prior reading that was the second-highest in two decades of data.

While companies have flagged concerns about the ongoing trade war and cited higher prices for supplies amid tariffs, the prices-paid index declined to a four-month low. The measure of new orders was little changed from the prior month, while exports held at the best level since April. The gauge of order backlogs decreased.

Still, the trade war may be taking a toll on some companies, with an imports gauge falling to the lowest since February. A measure of supplier deliveries rose, signaling that industries continue to face supply bottlenecks when trying to meet strong demand.

The ISM's services index contrasts somewhat with the latest reading on its factory gauge, which fell by more than forecast in October to a six-month low. That report showed declines in gauges of orders, employment and exports.

Prices index decreased to 61.7 from 64.2, has remained above 50 since early 2016.

Inventory sentiment gauge rose to 62 from 59.5; indicates respondents believe their inventories are too high.

Source: Bloomberg

RELATED NEWS
U.S. retail sales surge in October after first back-to-back declines in five years...
Thursday, 15 November 2018 20:42 WIB

Penjualan di pengecer AS melonjak pada Oktober setelah penurunan back-to-back pertama dalam lebih dari lima tahun, meskipun sebagian besar uang itu dihabiskan untuk gas, mobil dan truk baru. Penjuala...

Consumer inflation posts biggest jump in nine months on higher cost of gas, rent, used cars, CPI shows...
Wednesday, 14 November 2018 20:49 WIB

Amerika membayar lebih pada bulan Oktober untuk gas, sewa dan kendaraan bekas, memicu kenaikan terbesar dalam inflasi konsumen dalam sembilan bulan. Indeks harga konsumen naik 0,3% pada Oktober untuk...

Producer Prices in U.S. Increase in October by Most Since 2012...
Friday, 9 November 2018 21:04 WIB

Harga produsen AS naik lebih dari perkiraan pada bulan Oktober, lompatan terbesar dalam enam tahun menyusul kenaikan luas dalam biaya untuk barang dan jasa, laporan Departemen Tenaga Kerja menunjukkan...

Housing costs nudge inflation higher in September, CPI shows...
Thursday, 11 October 2018 19:52 WIB

Biaya sewa dan kepemilikan rumah yang lebih tinggi mendorong harga konsumen lebih tinggi pada bulan September, namun inflasi secara lebih luas melambat setelah kenaikan terakhir. Indeks harga konsume...

Unemployment falls to 49-year low of 3.7% as U.S. adds 134,000 jobs in September...
Friday, 5 October 2018 19:43 WIB

Perekonomian AS menciptakan 134.000 pekerjaan baru pada bulan September, tetapi itu cukup untuk mendorong tingkat pengangguran AS turun ke posisi terendah 49 tahun di 3,7%. Ekonom yang disurvei oleh ...

LATEST NEWS
EUR/USD Climbs Further Beyond 1.1400 Handle, 1-1/2 Week Tops

The EUR/USD pair reversed an early dip to sub-1.1400 level and quickly recovered around 25-30 pips from daily lows to hit 1-1/2 week tops in the last hour. The Fed Vice Chairman Richard Clarida offered some dovish comments on Friday, saying that...

Gold Declines After Dollar, Treasury Yields Steady

Gold snapped a four-day advance as the dollar steadied, with the currency recovering from comments on Friday by Federal Reserve Vice Chairman Richard Clarida, who said U.S. interest rates are getting closer to the vicinity of neutral and...

Hong Kong Shares End With Gains

Hong Kong stocks closed with a third day of gains Monday, tracking a positive lead from Wall Street as investors keep an eye on developments in the China-US trade dispute. The Hang Seng Index rose 0.72 percent, or 188.47 points, to close at...

POPULAR NEWS
Gold prices settle up by more than 1% for the week; palladium futures log another record
Saturday, 17 November 2018 01:49 WIB

Gold prices climbed Friday to tally a 1.2% gain for the week. U.S. and European benchmark stock indexes declined and the dollar fell for the week,...

Gold Hits 1-Week High as Dollar Softens; Palladium Near Record
Friday, 16 November 2018 19:27 WIB

Gold rose to a one-week high on Friday as the dollar softened following recent gains on uncertainty over Britain's exit from the European Union,...

Stocks End Mostly Higher, But Suffer Weekly Losses on Tech Weakness
Saturday, 17 November 2018 04:12 WIB

Stocks ended mostly higher Friday, finding support after President Donald Trump said China "wants to make a trade deal" with the U.S. But major...

Hong Kong Shares Close Week on Positive Note (Review)
Saturday, 17 November 2018 04:16 WIB

Hong Kong stocks finished the week with gains Friday, tracking a positive lead from Wall Street with energy firms supported by an uptick in oil...