ISM Services PMI falls to 62.0 in December vs. 66.9 expected

The headline ISM Services index fell to 62.0 in December from 69.1 in November.
The New Orders subindex fell to its lowest since November.   

The Institute of Supply Management’s headline Services PMI index fell to 62.0 in December versus forecasts for a fall to 66.9 from 69.1 in November.


Business Activity fell to 67.6 from 74.6. 
Prices Paid rose to 82.5 from 82.3. 
New Orders fell to 61.5 from 69.7, the lowest such reading since February 2021. 
Employment fell to 54.9 from 56.5. 

Market Reaction

The DXY does not seem to have reacted much to the latest US ISM survey, even though it was a tad weaker than forecast. 


Leave a Reply

Your email address will not be published.