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US ISM services dropped to 50.3, corresponds to 0.2% annualized GDP growth
US ISM Services PMI dropped from 51.9 to 50.3 in May, below expectation of 52.6. Looking at some details, business activity/production dropped from 52.0 to 51.5. New orders dropped from 56.1 to 52.9. Employment dropped from 50.8 to 49.2. Prices dropped from 59.6 to 56.2. ISM said, the May Services PMI indicates the overall economy […] The post US ISM services dropped to 50.3, corresponds to 0.2% annualized GDP growth appeared first on Action Forex...
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Posted: Jun 5 2023, 14:43
Author Name: actionforex
Views: 110598