US: Services Sector Slowed as Omicron Hit in January, But Growth Continued

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US: Services Sector Slowed as Omicron Hit in January, But Growth Continued

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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Source: US: Services Sector Slowed as Omicron Hit in January, But Growth Continued