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المشهد العربي
US service sector expands for 27th month
The U.S. services sector continues its growth for the 27th consecutive month, despite a slowdown in the pace of expansion due to inflationary pressures, rising fuel costs, and the ongoing increase in memory product prices for the ninth consecutive month. Survey results from the Institute for Supply Management show that business activity and new orders remain in positive growth territory, with the employment sector rebounding after recent contraction. Additionally, the backlog of orders continues to grow, with strong demand persisting in several industries despite economic pressures and challenges such as rising costs and supply chain delays. The sector's performance reflects its resilience and underscores its importance as a key driver of the U.S. economy, amid warnings of inflation risks and supply chain congestion.
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