PANews reported on August 5 that according to Jinshi, the US ISM non-manufacturing PMI in July was 51.4, expected to be 51, and the previous value was 48.8. The Institute for Supply Management (ISM) said that economic activity in the service sector expanded in July, a trend that has only been interrupted three times since the beginning of the epidemic, but twice in the past four months. The service sector PMI was 51.4, expanding for the 47th time in 50 months. Steve Miller, chairman of the ISM Service Industry Business Survey Committee, said that the rise in the composite index in July was the result of an average increase of 5 points in the business activity, new orders and employment indexes, and the increase was partially offset by a 4.6 drop in the supplier delivery index. Respondents again said that rising costs are affecting their business, but they are generally positive about business activities, believing that business activities are flat or gradually expanding. Respondents remain on the sidelines about the upcoming presidential election, and one of them expressed concerns about the possible increase in tariffs. Many respondents pointed out that despite rising costs, supply chain performance has returned to stability.