ISM data show U.S. services sector growing at slowest pace in five months
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U.S. service firms grow at slowest pace in 5 months but most still upbeat despite tariffs, higher rates, ‘political claptrap,’ ISM findsService-oriented U.S. firms such as retailers, banks and software-developers grew in December at the slowest pace since midsummer, but business was still quite brisk, according to a survey of top executives. The ISM non-manufacturing index fell to 57.6 last month from 60.7
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Does December's Manufacturing Growth Slowdown Spell Doom For The U.S. Economy?Markets and pundits alike got jittery this week when the Institute for Supply Management (ISM) Report on Business showed the December Purchasing Managers’ Index (PMI) falling to 54.1%, from November’s 59.3%. December’s figure was the lowest since November 2016. What do the numbers really tell us?
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U.S. service firms grow at slowest pace in 5 months but most still upbeat despite tariffs, higher rates, ‘political claptrap,’ ISM findsService-oriented U.S. firms such as retailers, banks and software-developers grew in December at the slowest pace since midsummer, but business was still quite brisk, according to a survey of top executives. The ISM non-manufacturing index fell to 57.6 last month from 60.7
Lire la suite »