US Services Sector Stays Strong Despite Q1 Tariff Worries

US Services Sector Stays Strong Despite Q1 Tariff Worries

U.S. non-manufacturing activity maintained solid growth in March, albeit at a slightly slower pace. Sector performance was mixed, with a notable decrease in new orders. Tariff-related uncertainties presented additional challenges for businesses. Companies need to closely monitor market changes, flexibly adjust their business strategies, and seek opportunities amidst the uncertainty. The slowdown in new orders suggests potential headwinds, requiring proactive measures to sustain growth and navigate the evolving economic landscape.

US Nonmanufacturing Sector Growth Slows but Remains Resilient in January

US Nonmanufacturing Sector Growth Slows but Remains Resilient in January

The ISM's January report indicates a slight decrease in non-manufacturing activity to 56.7, marking the 108th consecutive month of growth. Business activity and new orders indices declined, while the employment index rose, and the prices index continued to increase. Performance varied across industries, with the government shutdown introducing uncertainty. Experts anticipate continued growth, albeit at a slower pace. Businesses should closely monitor macroeconomic conditions, policy environment, and changes in market demand.