The ISM services index eased 2.4 percentage points (ppts) to 59.9 in January (from 62.3 reported in December). This was a slightly better reading than 59.5 expected by the median consensus estimate. Demand sub-indexes continued to grow, but at a slower pace. The business activity sub-index declined by 8.4 ppts to 59.9 from 68.3, while […]
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