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ISM Services PMI ticks higher in August

The services sector expanded in August, according to the latest ISM Services PMI data. The reading was 51.5, just slightly better than the 51.4 reading from July. Wall Street had also been looking for 51.4. The employment index fell, while new orders rose.

Catalysts anchors Madison Mills and Brad Smith break down the data in the video above.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Stephanie Mikulich.

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