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US ISM SERVICES PMI 57.2 DEC VS 55.9 NOV
US ISM SERVICES BUSINESS INDEX 59.4 DEC VS 58.0 NOV
US ISM SERVICES EMPLOYMENT INDEX 48.2 DEC VS 51.5 NOV
US ISM SERVICES NEW ORDERS 58.5 DEC VS 57.2 NOV
US ISM SERVICES SUPPLIER DELIVERIES 62.8 DEC VS 57.0 NOV (NSA)
The ISM Services PMI edged up 1.3pt to 57.2 following two consecutive months of decline, in contrast to markets looking for a dip to 54.5. Among the main four categories, Supplier Deliveries showed the largest gain, up 5.8pt to the highest level since May, followed by Business Activity (+1.4pt) and New Orders (+1.3pt). Employment eased by 3.3pt to the lowest level since July and below the 50-mark for the first time since August. Among all sub-indicators, Inventories saw the largest gain, rising by 8.9pt to a six-month high of 58.2 and followed by Exports which increased 6.9pt to 57.3. Meanwhile, Imports fell 3.2pt to 51.8 and Inventory Sentiment declined 2.2pt to 47.7, while Order Backlogs dropped 2.0pt to 48.7 and Prices eased 1.3pt to 64.8.