"ISM Reports Stronger-Than-Expected Expansion in U.S. Services Activity for January"
Originally Published 1 year ago — by ForexLive
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.