U.S: ISM Non-Manufacturing (Aug)

The August ISM non-manufacturing index rose to 48.4 from 46.4, marking the 11th consecutive month that the sector contracted. Nevertheless, the pace of decline is slowing. A level below the benchmark of 50 generally implies contraction. New orders continued to decline, but at a slower pace as the index rose to 49.9 from 48.1. Furthermore, businesses increased the rate that they shed inventories as the index dropped to 43 from 47. Moreover, although the industry continued to shed jobs, the pace