JOHNSON COUNTY AREA NEWS, PUBLIC RECORDS AND PUBLIC NOTICES
 
The Legal Record
 
VOL. 121, NO. 29 ONLINE EDITION July 16, 2019
A WEEKLY COMMUNITY NEWSPAPER OF GENERAL CIRCULATION SERVING JOHNSON COUNTY, KANSAS
 
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Services companies grew more slowly in June
U.S. services companies grew at a slower pace in June as the pace of hiring, orders and production decelerated.  

The Institute for Supply Management, an association of purchasing managers, says its non-manufacturing index fell to 55.1 from 56.9 in May. Anything above 50 signals growth, though, and the services sector is enjoying a 113-month winning streak.  

Sixteen services industries reported growth last month, led by real estate.  

Services dominate the American economy, accounting for 84% of private-sector jobs.  

Some respondents to the ISM survey expressed concern about heightened trade tensions – though the overall results remained healthy. President Donald Trump has imposed tariffs on $250 billion in Chinese imports as the two countries seek to settle their differences over Beijing’s aggressive trade policies.  

 

 

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