US Service Sector Hits Record High Amid Strong Economic Growth

US Service Sector Hits Record High Amid Strong Economic Growth

The U.S. ISM Non-Manufacturing Index (NMI) surged to 58.6 in August, a record high, according to the Institute for Supply Management. This is well above the expansion/contraction threshold and the past 12-month average, signaling the 44th consecutive month of growth in the U.S. non-manufacturing sector, providing strong momentum for economic expansion. All sub-indexes performed strongly, reflecting overall economic health. However, this could also exacerbate inflationary pressures, which the Federal Reserve will likely monitor closely.

01/28/2026 Logistics Industry Insights
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US Service Sector Expands Amid Employment Worries

US Service Sector Expands Amid Employment Worries

The ISM report indicates that while the non-manufacturing sector has expanded for 24 consecutive months, the employment index fell to 48.9, raising concerns about the economic outlook. Business activity and new orders increased, but the overall growth rate slowed. Inventory buildup may be in anticipation of future demand. Rising prices reflect ongoing cost pressures. Going forward, close attention should be paid to the labor market and the global economic situation to assess the potential impact of these trends.

01/28/2026 Logistics Industry Insights
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US Services Sector Growth Slows Raising Economic Concerns

US Services Sector Growth Slows Raising Economic Concerns

The ISM Non-Manufacturing Index (NMI) for July, while still above the expansion threshold, indicated a slowdown in growth, hitting a multi-year low. The report revealed diverging performance across industries, declines in key indicators, and the negative impact of tariffs. Experts attribute trade wars as a major headwind, emphasizing the need to monitor employment and consumption. Overall, the economy is experiencing a slowdown, but not a cause for panic. Vigilance and timely adjustments to strategies are necessary.

01/28/2026 Logistics Industry Insights
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US Nonmanufacturing Sector Expands Steadily in November

US Nonmanufacturing Sector Expands Steadily in November

The US Non-Manufacturing Index (NMI) for November registered 54.7%, a 0.5% increase from the previous month, indicating continued economic expansion in the non-manufacturing sector. Consumer spending, the labor market, and business confidence were key drivers. This data alleviates market concerns about a recession and provides the Federal Reserve with room to maneuver regarding monetary policy. The positive NMI reading suggests resilience in the service sector, which constitutes a significant portion of the US economy.

01/29/2026 Logistics Industry Insights
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Global Shipping Port Comprehensive Query Guide

Global Shipping Port Comprehensive Query Guide

The global shipping port query system launched by West Coast Freight offers a comprehensive database that includes vital information such as port codes, cities, and types. This system helps users easily access information about major international ports, thereby enhancing logistics efficiency.

07/28/2025 Port Encyclopedia
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