HomeLive CommentsUS ISM services falls to 51.4, prices down sharply to 53.4

US ISM services falls to 51.4, prices down sharply to 53.4

ActionForex
By ActionForex

US ISM Services PMI fell from 52.6 to 51.4 in March, below expectation of 52.8. Business activity/production ticked up from 57.2 to 57.4. New orders fell from 56.1 to 54.4. Employment rose slightly from 48.0 to 48.5. Prices fell sharply from 58.6 to 53.4.

ISM said: “The past relationship between the Services PMI and the overall economy indicates that the Services PMI for March (51.4 percent) corresponds to a 0.8-percent increase in real gross domestic product (GDP) on an annualized basis.”

Full US ISM services release here.

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