(Tiper Stock Exchange) – The American tertiary sector grows more than expected and the expansive territory is back. According to the survey conducted by the Institute for Supply Management among purchasing managers of service companies, theISM non-manufacturing reached 55.2 points in January 2023 from 49.2 points of the previous month (data revised from a preliminary of 49.6), doing better than market expectations which were for an increase up to 50.4 points.
It should be remembered that a index below 50 it denotes a phase of business contraction and a prevalence of pessimism among the purchasing managers of the companies.
Looking at the individual components, the one onbusiness activity increased to 60.4 points from 53.5 in the previous month and the orders it stood at 60.4 points from 45.2 points. that ofoccupation moved to 50 points from 49.4, while the sui prices it stood at 67.8 points from 68.1.