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Ism Services Index

All articles tagged with #ism services index

markets1 month ago•1 min saved

Yields Rise as Payrolls Beat Forecasts, Oil Climbs

U.S. Treasury yields moved higher after the ADP private payrolls report showed May gains of 122,000 (the strongest since January 2025). The 10-year yield rose to about 4.489%, the 2-year to about 4.078%, and the 30-year to about 4.989%. Oil prices also climbed, with WTI closing at $96.02 and Brent at $97.81. The ISM services index came in at 53.6, and job openings rose to 7.6 million in April—the highest since May 2024 (per BLS, with a correction noted). The moves come amid ongoing Middle East tensions and shifting energy and labor data.

via CNBC|

#adp-payrolls #ism-services-index #job-openings

businesseconomics2 years ago•1 min saved

"US Services PMI Surpasses Expectations, Prices Rise for 80 Consecutive Months"

The ISM services index for January 2024 exceeded expectations, with 64 percent of respondents reporting increasing prices for the 80th consecutive month. Economic activity in the services sector expanded for the 13th consecutive month, with concerns about inflation, cost pressures, and geopolitical conflicts tempering optimism about potential interest rate cuts. Fed chair Jerome Powell echoed similar concerns about inflation and geopolitical risks, emphasizing the unsustainability of the US fiscal path and highlighting geopolitical risks as the greatest threat to the world economy.

via Mish Talk|

#businesseconomics #economic-growth #geopolitical-conflicts