• The headline ISM Services index fell to 62.0 in December from 69.1 in November.
  • The New Orders subindex fell to its lowest since November.   

The Institute of Supply Management’s headline Services PMI index fell to 62.0 in December versus forecasts for a fall to 66.9 from 69.1 in November.

Subindices:

  • Business Activity fell to 67.6 from 74.6. 
  • Prices Paid rose to 82.5 from 82.3. 
  • New Orders fell to 61.5 from 69.7, the lowest such reading since February 2021. 
  • Employment fell to 54.9 from 56.5. 

Market Reaction

The DXY does not seem to have reacted much to the latest US ISM survey, even though it was a tad weaker than forecast. 

This article was originally published by Fxstreet.com.Read the original article here.

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