Key Insights
- ISM Services PMI increased from 50.6 in December to 53.4 in January.
- New Orders Index improved from 52.8 to 55.
- S&P Global Services PMI increased from 51.4 in December to 52.5 in January.
On February 5, 2024, the Institute for Supply Management released ISM Services PMI report. The report indicated that ISM Services PMI improved from 50.6 in December to 53.4 in January, compared to analyst consensus of 52. Numbers above 50 show expansion.
ISM Services PMI is above the 50 level for the 13th consecutive month, highlighting the strength of the services sector.
New Orders Index increased from 52.8 in December to 55 in January, while Employment…
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