HomeLive CommentsUS ISM services rose to 63.7, corresponds to 5.1% annualized GDP growth

US ISM services rose to 63.7, corresponds to 5.1% annualized GDP growth

ActionForex
By ActionForex

US ISM Services jumped to 63.7 in March, up from 55.3, above expectation of 58.5. Looking at some details, business activity/production rose 13.9 pts to 69.4. New orders rose 15.3 pts to 67.2. Employment rose 4.5 pts to 57.2. Prices rose 2.2 pts to 74.0.

ISM said: “The past relationship between the Services PMI® and the overall economy indicates that the Services PMI® for March (63.7 percent) corresponds to a 5.1-percent increase in real gross domestic product (GDP) on an annualized basis.”

Full release here.

Start Trading
Start Trading
Start Trading
Start Trading
ActionForex
ActionForex
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.

Latest Analysis

Load more

Learn Forex Trading