Stronger growth was seen for business activity (60.7 from 56.5), new orders (60.4 from 57), employment (56.7 from 56.1), backlogs of orders (56.5 from 51.5) and new export orders (60.5 from 58). Also, both supplier deliveries (56 from 53) and price pressures (62.8 from 63.4) eased.
Logistics, tariffs and employment resources continue to have an impact on many of the respective industries. Overall, the respondents remain positive about business conditions and the economy.
The 16 non-manufacturing industries reporting growth in August — listed in order — are: Construction; Transportation & Warehousing; Retail Trade; Educational Services; Other Services; Real Estate, Rental & Leasing; Public Administration; Management of Companies & Support Services; Wholesale Trade; Mining; Accommodation & Food Services; Health Care & Social Assistance; Finance & Insurance; Utilities; Professional, Scientific & Technical Services; and Information. The only industry reporting a decrease is Agriculture, Forestry, Fishing & Hunting.