US services activity strengthened more than expected in August, with ISM PMI Services rising from 54.1 to 55.4, above 54.3 consensus and marking a 26th consecutive month of expansion. Demand indicators were particularly strong: Business Activity jumped from 59.1 to 61.7, while New Orders surged from 57.2 to 60.9, both reaching multi-year highs. Backlogs also […]The post US ISM Services Beats Forecasts as Demand Surges but Hiring Stays Weak appeared first on ActionForex.