Wednesday, 13 November 2019
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
Tokyo stocks close lower as investors await Fed

Tokyo stocks closed lower Wednesday as cautious investors awaited remarks by the US Federal Reserve chief and key Chinese data later in the week. The benchmark Nikkei 225 index fell 0.85 percent or 200.14 points to end at 23,319.87 while the...

EUR/USD defends 1.1000 ahead of key data, Powell's testimony

EUR/USD trades better bid above the 1.10 handle ahead of the European open, having defended the last on several occasions in the overnight trades, Bears now await the key US inflation report and Federal Reserve (Fed) Chair Powell™s testimony for...

Nikkei drops as Trump offers mixed signals on China trade deal

Japanese shares slipped on Wednesday after U.S. President Donald Trump left investors on tenterhooks as they await details on progress in negotiations with China to end a lingering trade war that has rattled the global economy. The Nikkei share...

POPULAR NEWS
Gold falls to three-month low as demand for haven assets wanes
Tuesday, 12 November 2019 01:53 WIB

Gold futures settled firmly lower Monday, driving the yellow metal to the weakest level level in about three months. December gold concluded the...

Gold prices dip on upbeat appetite for riskier assets
Wednesday, 13 November 2019 02:28 WIB

Gold slipped on Tuesday to its lowest in more than three months on increased appetite for riskier assets, while U.S. President Donald Trump failed...

Gold Rebounds as Trade Dispute in Focus, Stocks Drop
Monday, 11 November 2019 16:03 WIB

Gold advanced after its biggest weekly drop in three years as investors parsed the latest developments in the U.S.-China trade conflict. Spot gold...

Asia shares turn sluggish ahead of Trump speech
Tuesday, 12 November 2019 07:50 WIB

Asian share markets got off to a sluggish start on Tuesday amid uncertainty over both the Sino-U.S. trade talks and the domestic political situation...