Key Insights
- ISM Services PMI decreased from 52.7 in November to 50.6 in December.
- New Orders Index declined from 55.5 to 52.8.
- Employment Index fell from 50.7 to 43.3.
On January 5, 2024, the Institute for Supply Management released ISM Services PMI report. The report indicated that ISM Services PMI declined from 52.7 in November to 50.6 in December, compared to analyst consensus of 52.6. Numbers above 50 show expansion.
New Orders Index decreased from 55.5 in November to 52.8 in December, while Employment Index declined from 50.7 to 43.3.
The Institute for Supply Management commented: “The services sector had a pullback in the rate of growth in December, attributed to the decrease in the rate of growth for new orders and contraction in employment […] There are concerns related to economic uncertainty, geopolitical events…
Read More
