"ISM Reports Stronger-Than-Expected Expansion in U.S. Services Activity for January"
TL;DR Summary
The ISM nonmanufacturing PMI for January 2024 came in at 53.4, surpassing the 52.0 estimate, indicating growth in the nonmanufacturing sector. Various components such as business activity, employment, new orders, and prices paid also showed positive trends. Respondents highlighted supply chain disruptions, transportation impacts, and mixed economic signals. The US dollar strengthened after the report, and the US debt market saw an increase in yields.
Topics:business#finance#ism-nonmanufacturing-pmi#supply-chain-disruptions#transportation-impacts#us-economy#usd
- ISM nonmanufacturing PMI for January 53.4 versus 52.0 estimate ForexLive
- U.S. Services Activity Expands More Than Expected, Says ISM The Wall Street Journal
- Services PMI® at 53.4%; January 2024 Services ISM® Report On Business® PR Newswire
- Economy perks up early in the new year, ISM finds, as looming interest-rate cuts fuel optimism MarketWatch
- ISM services rebound, but continue to track weaker than official US data ING Think
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