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ISM Services PMI Eased Further in Nov

US DATA
MNI (London)

US ISM SERVICES PMI 55.9 NOV VS 56.6 OCT

US ISM SERVICES BUSINESS INDEX 58.0 NOV VS 61.2 OCT

US ISM SERVICES EMPLOYMENT INDEX 51.5 NOV VS 50.1 OCT

US ISM SERVICES NEW ORDERS 57.2 NOV VS 58.8 OCT

US ISM SERVICES SUPPLIER DELIVERIES 57.0 NOV VS 56.2 OCT (NSA)

The ISM Services PMI dropped 0.7pt to 55.9, coming in weaker than markets expected (BBG: 56.1). November's reading showed the second consecutive decline and the the lowest level since May. Among the main four categories, Business Activity (-3.2pt) showed the largest decline, followed by New Orders (-1.6pt), while Employment (+1.4pt) and Supplier Deliveries (+0.8pt) saw the biggest gains. Supplier Deliveries rose for the second month in a row and posted a three-month high. Among all sub-indicators, Inventories saw the largest fall (-3.8pt to 49.3), while imports revealed the biggest gain (+2.5pt to 55.0). Meanwhile, the Backlog of orders declined (-3.7pt to 50.7) as did Exports (-3.3pt to 50.4) and Inventory Sentiment (-1.2pt to 49.9). Prices ticked up 2.2pt to 66.1 which is the highest level since Sep 2012.

MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com

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