Thursday, 09 April 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
U.S. Service-Industry Gauge Tops Forecasts on Employment Boost
Wednesday, 5 June 2019 21:22 WIB | UNITED STATES |ISM AS

U.S. service industries expanded at the best pace since February amid a rebound in employment, a signal of labor- market strength before the government™s jobs report due Friday.

The non-manufacturing index rose to 56.9 in May, according to an Institute for Supply Management survey Wednesday that topped almost all economist estimates in Bloomberg™s survey. Three of four components advanced, led by the employment gauge rising the most in two years. New orders and business activity also improved.

Key Insights

The fresh signs of strength follow two months of weaker readings on service industries that account for about 90% of the economy. The gain contrasts with a string of softer reports on retail sales, factory orders and home purchases, which along with intensifying trade tensions have spurred investors to bet the Federal Reserve will cut interest rates this year to shore up growth.

Despite the strong jobs reading from ISM, a separate report Wednesday from the ADP Research Institute signals employment trends may be weakening. Companies in May added 27,000 jobs, the fewest since 2010. 

ISM's gauge of supplier deliveries fell below 50 for the first time since 2015, indicating businesses are facing fewer supply-chain bottlenecks. Order backlogs also declined to a four-month low.

The imports index slid the most in nearly four years as export orders cooled, signs of continued fallout from an intensifying trade war with China that™s adding to uncertainty for companies. The inventories measure advanced, suggesting a buildup as companies strived to avoid tariffs, and respondents said they felt the levels were too high.

Source: Bloomberg

RELATED NEWS
U.S. Trade Deficit Narrows as Exports, Imports Both Plummet...
Thursday, 6 June 2019 19:54 WIB

The U.S. trade deficit narrowed in April as both exports and imports tumbled, highlighting the impact of President Donald Trump™s tariffs even before negotiations with China unraveled and he th...

Pasar Saham Asia ditutup untuk liburan...
Monday, 31 December 2018 09:15 WIB

Pasar finansial di Indonesia, Jepang, Filipina dan Korea Selatan ditutup pada Senin ini dikarenakan untuk hari libur Nasional. AFP...

Penjualan ritel AS melonjak pada Oktober setelah turun beruntun pertama dalam 5 tahun...
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...

Inflasi konsumen AS catatkan lonjakan terbesar dalam sembilan bulan ...
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...

Harga Produsen di AS Naik pada Oktober, Yang Terbesar Sejak 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...

LATEST NEWS
Gold rallies to highest since late 2012 as dollar declines on the back of the Fed's new lending plans

Gold futures rallied to reach their highest levels since late 2012 on Thursday, getting a boost as the U.S. dollar declined on the back of the Federal Reserve™s new lending plans, which aim to support the hit to the economy from the coronavirus...

Dow jumps more than 300 points as Wall Street heads for a massive week of gains

Stocks jumped on Thursday after the Federal Reserve gave more details on how it will support the economy amid the coronavirus pandemic. The Dow Jones Industrial Average jumped more than 300 points, or 1.3%. The S&P 500 gained 1.1% while the...

Oil jumps ahead of 'make-or-break' OPEC meeting

Oil prices moved higher on Thursday, ahead of a pivotal meeting in which OPEC and its allies, known as OPEC+, will discuss historic production cuts as the coronavirus pandemic continues to sap demand for crude. U.S. West Texas Intermediate traded...

POPULAR NEWS
Gold Futures Finish Lower after Brief Climb Above $1,700
Wednesday, 8 April 2020 01:40 WIB

Gold futures finished lower on Tuesday, easing back after briefly climbing above $1,700 an ounce for the first time since late 2012. There was a...

Gold Futures Settle at a More Than 7-Year High
Tuesday, 7 April 2020 00:56 WIB

Gold futures climbed on Monday to settle at their highest in more than seven years. "Fiscal and monetary stimulus will provide a nice backdrop for...

Gold Prices Settle Slightly Higher, Then See Volatile Trade after Fed Meeting Minutes
Thursday, 9 April 2020 01:48 WIB

Gold prices settled with a modest gain on Wednesday, then saw volatile moves in electronic trading, edging lower, then higher, following the release...

Gold eases on firmer dollar, coronavirus slowdown signs
Wednesday, 8 April 2020 09:16 WIB

Gold prices eased on Wednesday as the U.S. dollar firmed, while signs of a slowdown in the new coronavirus cases in major hot spots hurt the metal's...