Growth in the Institute for Supply Management’s non-manufacturing index fell in August to 59 percent — down 1.3 percent from July’s reading but measuring its second-highest level since 2005, the ISM said today. Readings above 50 percent indicate expansion. All of the index’s 10 indicators, and 15 of the 18 industries tracked, saw growth in August.
Housing starts fall in January
Housing starts decreased by 9.8% in January from the month prior to a seasonally adjusted annual rate of 1.36 million. The rate was 0.7% below the January 2024 level.