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U.S. Services Index Unexpectedly Indicates Contraction In December

Por: RTTNews Business January 06, 2023

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Activity in the U.S. service sector unexpectedly contracted for the first time in over two years in the month of December, according to a report released by the Institute for Supply Management on Friday.The ISM said its services PMI tumbled to 49.6 in December from 56.5 in November, with a reading below 50 indicating a contraction. Economists had expected the index to edge down to 55.0.With the much bigger than expected decrease, the index... + full article



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