U.S ISM non-manufacturing registered 55.7 percent, which is 3.4 percentage points lower than the June reading of 59.1 percent. This represents continued growth in the non-manufacturing sector at a slower rate. There was a notable decrease in the Business Activity Index, which fell to 56.5 percent, 7.4 percentage points lower than the June reading of 63.9 percent.

What respondentes are saying:

"Business is strong in both our commercial-construction and residential-service areas." (Construction)

"Current local and national conditions are good. On track to meet goals and projections for 2018." (Finance & Insurance)

"There has been little change in business activity, despite all of the political turmoil. Patients get sick regardless of what is going on in the economy." (Health Care & Social Assistance)

"Vendors continue to report that they are seeing significant increases in order volume this year. They report having to hire more staff to keep up with the increase in orders." (Management of Companies & Support Services)