Growth in US services sector hits record high in July
US services sector shows record pace in growth for month of July
Dimon on US economy: 'Celebrate growth'
JPMorgan Chase CEO Jamie Dimon, in a wide-ranging interview with FOX Business' Maria Bartiromo, discusses the new Fargo branch and the economy.
WASHINGTON — Growth in the U.S. services sector, where most Americans work, increased to a record pace in July even as businesses continued to face challenges in hiring workers.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
The Institute for Supply Management reported Wednesday that its monthly survey of service industries rose to a reading of 64.1 in July, up from 60.1 in June. It was the fastest pace since this series began in 2008.
Any reading above 50 indicates growth in service industries.
CLICK HERE TO READ MORE ON FOX BUSINESS
On Monday, ISM reported that growth in manufacturing had slowed for a second straight month amid on-going supply-chain problems.