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Sun, January 12, 2025
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Thu, January 9, 2025
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Tue, January 7, 2025
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[ Tue, Jan 07th ] - insurancebusinessmag
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[ Mon, Jan 06th ] - Forbes
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US Services Sector Growth Tops Forecasts, But 'Tariff Concerns,' Price Pressures Cast A Shadow


//business-finance.news-articles.net/content/202 .. riff-concerns-price-pressures-cast-a-shadow.html
Published in Business and Finance on Tuesday, January 7th 2025 at 12:00 GMT by MSN   Print publication without navigation

  • Purchasing Managers' Index reading highlights resilience in the U.S. services sector, but rising price pressures and looming tariff concerns are casting shadows over an otherwise optimistic economic picture.

The U.S. services sector experienced growth in May, surpassing expectations with the Institute for Supply Management's (ISM) services index reaching 53.8, up from 49.4 in April. This growth was driven by increases in business activity, new orders, and employment, although the pace of expansion slowed in some areas. Despite the positive figures, concerns loom over potential tariff increases and persistent price pressures. The report highlighted that while there was a slight decrease in the prices paid index, costs for inputs like fuel, labor, and transportation remain high, potentially fueling inflation. Additionally, the sector faces challenges from a tight labor market and the possibility of new tariffs, which could impact future growth and consumer spending.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/us-services-sector-growth-tops-forecasts-but-tariff-concerns-price-pressures-cast-a-shadow/ar-AA1x7vOa ]

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