US: 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.
Subindices:
- 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.
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