{"id":30887,"date":"2020-07-06T19:06:40","date_gmt":"2020-07-06T15:06:40","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=30887"},"modified":"2020-07-06T19:06:42","modified_gmt":"2020-07-06T15:06:42","slug":"ihs-markit-us-services-sector-showing-softer-contraction","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/ihs-markit-us-services-sector-showing-softer-contraction\/07\/06\/market-updates\/","title":{"rendered":"IHS Markit: US Services Sector Showing Softer Contraction"},"content":{"rendered":"\n<p>Seasonally adjusted IHS Markit US Services Business Activity Index registered 47.9 at the end of the second quarter (Q2) of 2020.<\/p>\n\n\n\n<p>This comes after the index recorded a reading of 37.5 in May, thus, showing a softer rate of contraction in business activity across the US.<\/p>\n\n\n\n<p>The IHS Markit Composite Purchasing Managers\u2019 Index (PMI) Output Index posted 47.9 in June, up significantly from 37.0 in May.<\/p>\n\n\n\n<p>New business inflows broadly stabilized in June, after three successive monthly contractions.<\/p>\n\n\n\n<p>Moreover, business confidence returned to the positive territory at the end of the second quarter, amid hopes of further boosts to new sales.<\/p>\n\n\n\n<p>\u201cOptimism towards the outlook for output follows two consecutive months of pessimism,\u201d IHS Markit noted in its report on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seasonally adjusted IHS Markit US Services Business Activity Index registered 47.9 at the end of the second quarter (Q2) of 2020. This comes after the index recorded a reading of 37.5 in May, thus, showing a softer rate of contraction in business activity across the US. The IHS Markit Composite Purchasing Managers\u2019 Index (PMI) Output &hellip;<\/p>\n","protected":false},"author":10,"featured_media":30888,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6858,6871],"class_list":["post-30887","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-us-economy","tag-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/30887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=30887"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/30887\/revisions"}],"predecessor-version":[{"id":30889,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/30887\/revisions\/30889"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30888"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=30887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=30887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=30887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}