Quick Update: ISM Services disappointed last month at 48.8 versus the consensus estimate of 52.7, showing an economy in contraction.
This is the lowest print since May 2020 and the 3rd straight sub-50 performance.
ISM Prices Paid, Employment and New Orders were ALL lower than expectations.
This is the lowest print since May 2020 and the 3rd straight sub-50 performance.
ISM Prices Paid, Employment and New Orders were ALL lower than expectations.
