| Indicator | Value |
|---|---|
| Forecast | 54.8 |
| Previous | 56.1 |
ISM Services PMI is an indicator that measures activity in the services sector, which constitutes a large part of the U.S. economy. A high reading suggests healthy growth in the services sector, which can influence monetary policy decisions. It is a significant indicator for investors, as the services sector has a substantial impact on employment and consumer spending.
Watchlist: DXY reaction, UST yields, commodity market volatility
Related Topics
Related Analysis
Further Reading
- Employment Situation Summary — Bureau of Labor Statistics
- Understanding Inflation — Investopedia
