Wednesday, August 4, 2010

Services Industry Expands in July

ISM details:

  • "Our business conditions continue to dramatically outpace last year's." (Information)
  • "Although unemployment remains high, consumer attitude has improved and translates into higher activity levels for us." (Arts, Entertainment & Recreation)
  • "Capital funding remains tight." (Accommodation & Food Services)
  • "Concerning forecasts and the instability in markets are continuing our focus on cautiousness." (Retail Trade)
  • "We continue to see signs of improvement and a slow jobless recovery.
  • We are also seeing a one-time windfall of business as a result of the disaster in the Gulf." (Management of Companies & Support Services)

Source: ISM

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