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U.S. services companies grow at slowest pace in five months but most remain upbeat, ISM findsService-oriented U.S. firms such as retailers, banks and software-developers grew in December at the slowest pace since midsummer, but business was still quite brisk, according to a survey of top executives. The ISM non-manufacturing index fell to 57.6 last month from 60.7
Source: MarketWatch - 🏆 3. / 97 Read more »
U.S. service firms grow at slowest pace in 5 months but most still upbeat despite tariffs, higher rates, ‘political claptrap,’ ISM findsService-oriented U.S. firms such as retailers, banks and software-developers grew in December at the slowest pace since midsummer, but business was still quite brisk, according to a survey of top executives. The ISM non-manufacturing index fell to 57.6 last month from 60.7 Geez, even after that MASSIVE tax scam? What are you suggesting we go with? Facts or Sentiment? market investor production growth gdp
Source: MarketWatch - 🏆 3. / 97 Read more »
Does December's Manufacturing Growth Slowdown Spell Doom For The U.S. Economy?Markets and pundits alike got jittery this week when the Institute for Supply Management (ISM) Report on Business showed the December Purchasing Managers’ Index (PMI) falling to 54.1%, from November’s 59.3%. December’s figure was the lowest since November 2016. What do the numbers really tell us? Yup! Then the 1%ers can buy low and get even richer! It is a relief that they took a break to assess the new year instead of overbuilding inventory. Complacency comes at the end of the cycle. It certainly leads to slower growth. Also warning that many businesses will reduce earnings expectations.
Source: Forbes - 🏆 394. / 53 Read more »