09:58 AM EDT, 09/04/2025 (MT Newswires) -- The S&P Global US services index was revised downwards to 54.5 in August from the 55.4 flash reading, compared with expectations for no revision in a survey compiled by Bloomberg as of 7:30 am ET.

The August index stands below the 55.7 reading in July and the second highest reading of the year so far.

The index indicates expansion, which is in line with the Richmond Fed, Kansas City and Dallas Fed readings but in contrast with the other regional services data that suggest that sector contracted.

S&P Global noted an increase in new business volumes which led to a rise in business activity. Growth increased and so did demand but the concerns about tariffs and uncertainty continued to effect international demand.