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US S&P Global services PMI 44.4 vs 46.8 expected

US S&P Global services PMI 44.4 vs 46.8 expected
  • Prior was 46.2
  • Manufacturing 46.2 vs 47.7 expected
  • Composite 44.6 vs 47.0 expected

This report has diverged with the ISM services data, which has remained stronger. The four month decline in services has been the most-rapid since 2009 and led by a further decrease in new orders. The report also said "iInflationary pressures in the service sector cooled notably in December" which is an area that Powell highlighted.

Commenting on the US flash PMI data, Ch... Read More

Posted: Dec 16 2022, 14:45
Author Name: forexlive
Views: 110238

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