US ISM Services PMI fell sharply from 53.8 to 48.8 in June, well below expectation of 52.5. That’s also the worst reading in four years. Looking at some details, business activity/production fell sharply from 61.2 to 49.6. New orders fell from 54.1 to 47.3. Employment fell from 47.1 to 46.1. Prices fell slightly from 58.1 […]
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