The Institute for Supply Management (ISM) reported that its US services index rose to 55.4 in August, surpassing analysts' forecast of 54.1, up from 54.1 in July. The services index was supported by increases in new orders and employment, and it remains above the 50 threshold, indicating expansion in the services sector. The ISM services index covers 17 industries, including real estate, transportation, construction, and mining.
