Quartz·1 min read·medium

U.S. services growth hit a nine-month high in July. Input costs hit a 14-month high too

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U.S. services sector growth reached a nine-month high in July, according to S&P Global data. However, rising tariffs and energy costs have pushed input prices to a 14-month peak.

S&P Global's final July reading came in at 54.6, above the earlier flash estimate, as tariffs and energy costs pushed prices higher

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