US services activity unexpectedly accelerated in August, the Institute for Supply Management’s non-manufacturing index increasing to 53.3 from 52.7 in July. The new orders index also increased to 52.8 from 51.7 the prior month.
Despite this increase, the JPMorgan Global All-Industry Output Index fell to 51.5 in August from 52.5 in July.
| JPMorgan Global All-Industry Indices | |||
|---|---|---|---|
| June | July | August | |
| Output | 52.3 | 52.5 | 51.5 |
| New orders | 52.0 | 51.1 | 50.8 |
| Input prices | 58.6 | 56.3 | 57.9 |
| Employment | 52.5 | 51.2 | 50.9 |
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