The US service sector continued to expand in July, but worries arise about employment and inflation pressure.

Zhitong Financial APP learned that the latest "Services Purchasing Managers Index Report" released by the Institute for Supply Management (ISM) in the United States indicates that the U.S. service sector activity achieved growth for the second consecutive month in July, reflecting that despite facing inflation and job market pressures, the industry as a whole still maintains resilience. The service sector PMI index for July was recorded at 50.1%, slightly lower than the 50.8% in June, but still above the boom-bust line of 50%, indicating that economic activity continues to expand. This marks the 12th time in the past 13 months that the index has been in the expansion zone.