The ISM of services falls back to its worst figure in five months

The indicator shows its worst result in five months, specifically since last May.

The index of Non-Manufacturing ISM employment has also decreased, settling at 50.1 from the previous 51.8, although it improves the 49.8 estimated.

The ISM of Prices Paid has risen to 63.9 from the previous 59, exceeding the 61.6 expected by the market.

Finally, the index of New Orders for Services has fallen to 58.8 from 61.5, notably improving the 49.4 forecast.

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Credits: Forex Street

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