US ISM Services PMI rose from 51.8 to 52.7 in November, a touch above expectation of 52.6. Looking at some details, business activity/production rose from 54.1 to 55.1. New orders was unchanged at 55.5. Employment rose slightly from 50.2 to 50.7. Price fell from 58.6 to 58.3.
ISM said: “The past relationship between the Services PMI and the overall economy indicates that the Services PMI for November (52.7 percent) corresponds to a 1-percent increase in real gross domestic product (GDP) on an annualized basis.”
![Pinterest](https://pinterest.com/pin/create/button/?url=https://www.actionforex.com/live-comments/530396-us-ism-services-rose-to-52-7-in-nov-corresponds-to-1-annualized-gdp-growth/&media=https://www.actionforex.com/wp-content/uploads/featured-images/f-usa4.jpg&description=US ISM Services PMI rose from 51.8 to 52.7 in November, a touch above expectation of 52.6. Looking at some details, business activity/production rose from 54.1 to 55.1. New orders was unchanged at 55.5. Employment rose slightly from 50.2 to 50.7. Price fell from 58.6 to 58.3. ISM said: "The past relationship between the Services PMI and the overall economy indicates that the Services PMI for November (52.7 percent) corresponds to a 1-percent increase in real gross domestic product (GDP) on an annualized basis." Full US ISM services release here.){kind=link}