The ISM Services PMI unexpectedly fell to 50.1 in July 2025 from 50.8 in June, below forecasts of 51.5. The reading showed the services sector nearly stagnated, with seasonal and weather factors having a negative impact on business.
A slowdown was seen for business activity/production (52.6 vs 54.2), new orders (50.3 vs 51.3) and inventories (51.8 vs 52.7). Also, price pressures intensified to the highest since October 2022 (69.9 vs 67.5), with the most common topic among survey panelists remaining tariff-related impacts, particularly in commodities.
In addition, employment fell faster (46.4 vs 47.2) and remained in contraction territory for the second month in a row and the fourth time in the last five months. Backlog of orders continued to decline (44.3 vs 42.4) and supplier deliveries slowed (51 vs 50.3).
Meanwhile, new exports (47.9 vs 51.1) and imports (45.9 vs 51.7) both moved from expansion to contraction, providing signals that tariff tensions are impacting global trade.
Source: Trading Economics
U.S. economic growth will increase slightly next year but employment gains will remain sluggish and the Federal Reserve will slow any further rate cuts, economists polled by the National Association f...
U.S. President Donald Trump said fiscal revenue from his trade tariffs is set to "skyrocket" in the coming months as inventory levels among local importers run dry. Trump said in a Truth.Social post ...
U.S. factory activity slowed to a four-month low in November as higher prices because of tariffs on imports restrained demand, leading to a piling up of unsold goods that could hinder growth in the ov...
President Donald Trump's tariff increases on imports from foreign countries will reduce U.S. deficits by $3 trillion if they are maintained through 2035, the non-partisan Congressional Budget Office e...
US job growth accelerated in September and the unemployment rate rose slightly, suggesting the labor market was showing signs of stabilization before the government shutdown. Nonfarm payrolls increas...
European stocks recovered in afternoon trading and closed slightly higher on Monday (November 24th), paring losses from the previous week thanks to renewed dovish signals from key FOMC members. The Eurozone STOXX 50 rose 0.4% to 5,540, and the...
European shares ended higher on Monday, boosted by technology-focused stocks as risk sentiment improved on growing expectations of a U.S. interest rate cut next month, while investors also focused on progress in the Ukraine peace plan. The...
Gold (XAU/USD) traded slightly higher on Monday (November 24th) as investors considered developments in the Federal Reserve's monetary policy outlook alongside improving sentiment on risk assets. At the time of writing, XAU/USD was trading around...
U.S. factory activity slowed to a four-month low in November as higher prices because of tariffs on imports restrained demand, leading to a piling...
The Dow Jones Industrial Average rebounded on Friday after New York Federal Reserve President John Williams suggested the central bank could cut...
U.S. President Donald Trump said fiscal revenue from his trade tariffs is set to "skyrocket" in the coming months as inventory levels among local...
Asia-Pacific markets started the week with gains after New York Fed President John Williams signaled that a third interest rate cut is still...