US Service Sector Growth Slows As Inflation Persists
The US Services PMI has grown for five consecutive months, albeit at a slower pace, with persistent price pressures. Sub-indices present a mixed picture, and industry performance is divergent. Experts interpret this as a return to trend, while businesses are concerned about policy impacts. Looking ahead, macroeconomic conditions, inflation, interest rates, policy changes, and technological innovation will collectively shape the development of the services sector.
