The US ISM Services PMI expanded for the 25th consecutive month in July! Business activity and new orders accelerated in growth, but the employment index returned to the contraction zone.

According to Zhihui Finance APP, the U.S. service sector continued to expand in July, with business activity and new orders accelerating significantly. However, employment metrics have slipped back into contraction, and input price pressures have further intensified, indicating that the overall U.S. service sector remains resilient, but uncertainties about labor and inflation prospects persist.