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US ISM services fell to 54.4 in Oct, lowest since May 2020

Started by PocketOption, Nov 04, 2022, 06:08 am

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PocketOption

US ISM services fell to 54.4 in Oct, lowest since May 2020

US ISM Services PMI dropped from 56.7 to 54.4 in October, below expectation of 55.2. That’s also the lowest reading since May 2020. Looking at some details, business activity/production dropped from 59.1 to 55.7. New orders dropped from 60.6 to 56.5. Employment dropped from -3.9 to 53.0. Prices rose from 68.7 to 70.7. ISM said: […]


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