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Macroeconomics  |  August 03, 2012 17:24:00

U.S. service sector surprisingly accelerated in July


Conditions in the private service sector of the United States in July improved. According to research purchasing managers index rose by 0.5 points NMI at 52.6 points after a decline to 29 - month low of 52.1 points in June. Majority consensus on the expected further deterioration of 52.0 points. The neutral level of 50 points separates growth from decline. In the same period last year, the index was at the service level of 53.5 points. In the second quarter this year moved average to 53.6 points. Services in the United States represent almost two thirds of the U.S. economy. Eleven of the services sector recorded a decrease in expansion activity and seven in July.Accelerated growth in activity and new orders. Enterprises have completed the existing backlogs of orders. Delivery period is shorter. Input prices following a decline in June and May and increased employment growth for the first time since December last year stopped. Inventories increased to the sixth month in a row.

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