US ISM Services PMI dropped from 58.3 to 57.1 in April, below expectation of 59.0. Looking at some details, business activity/production rose from 55.5 to 59.1. New orders dropped from 60.1 to 54.6. Employment dropped from 54.0 to 49.5. Prices rose from 83.8 to 84.6, an all-time high. ISM said: “There was a pullback in […]
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