Reply to thread

Message

<blockquote data-quote="Maddog" data-source="post: 455317" data-attributes="member: 5355"><h3>U.S. Service Sector Contracts as Trade War Uncertainty Grips Businesses</h3>SHAREThe U.S. service sector, which includes businesses like restaurants, hotels, and transportation companies, shrank in May for the first time in nearly a year.The Institute for Supply Management’s services index dropped to 49.9% from 51.6% in April—any reading below 50% indicates contraction.This decline is largely attributed to ongoing trade wars that have created uncertainty among business leaders, frozen hiring, and increased costs through tariffs.Key indicators showed significant weakness: new orders fell to their lowest level in over three years, while prices surged to a 2.5-year high due to tariffs raising supply costs. Despite the Trump administration relaxing some tariffs to allow for trade negotiations, the economic damage from trade disputes continues to weigh on business activity.</blockquote>

[QUOTE="Maddog, post: 455317, member: 5355"] [HEADING=2]U.S. Service Sector Contracts as Trade War Uncertainty Grips Businesses[/HEADING] SHARE The U.S. service sector, which includes businesses like restaurants, hotels, and transportation companies, shrank in May for the first time in nearly a year. The Institute for Supply Management’s services index dropped to 49.9% from 51.6% in April—any reading below 50% indicates contraction. This decline is largely attributed to ongoing trade wars that have created uncertainty among business leaders, frozen hiring, and increased costs through tariffs. Key indicators showed significant weakness: new orders fell to their lowest level in over three years, while prices surged to a 2.5-year high due to tariffs raising supply costs. Despite the Trump administration relaxing some tariffs to allow for trade negotiations, the economic damage from trade disputes continues to weigh on business activity. [/QUOTE]

Verification

What is the most common fish caught on this site?

Reply to thread

Recent Posts

Friends of NDA