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US ISM services dropped sharply to 49.6, correspond to -0.2% annualized GDP contraction

US ISM services dropped sharply to 49.6, correspond to -0.2% annualized GDP contraction
US ISM Services PMI dropped sharply from 56.5 to 49.6 in December, well below expectation of 55.5. Business activity/production tumbled from 64.7 to 54.7. New orders dropped from 56.0 to 45.2. Employment dropped from -1.7 to 49.8. Prices dropped from 70.0 to 67.6. ISM said: “The past relationship between the Services PMI and the overall […] The post US ISM services dropped sharply to 49.6, correspond to -0.2% annualized GDP contraction appeared first on Action Forex... Read More
Posted: Jan 6 2023, 15:39
Author Name: actionforex
Views: 110843

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