1/7/2021 3:02:33 PM GMT | By Eren Sengezer
US ISM Services PMI beat market expectation in December.
US Dollar Index clings to daily gains a little below 90.00.
The economic activity in the US service sector continued to expand at a robust pace in December with the Institute for Supply Management s (ISM) Services PMI improving to 57.2 from 55.9 in November. This reading came in better than analysts estimate of 54.5.
Further details of the publication revealed that the New Orders Index climbed to 58.5 from 55.9, the Employment Index dropped to 48.2 from 51.1 and the Prices Paid Index edged lower to 64.8 from 66.1.
Commenting on the data, in December, a slight uptick in the rate of services-sector growth continued, noted Anthony Nieves, Chair of the Institute for Supply Management (ISM) Services Business Survey Committee. Respondents comments are mixed about business conditions and the economy. Various local- and state-level COVI
Dec 15, 2020 14:58 GMTFXStreet News
NY Empire State Manufacturing Index fell more than expected in December.
US Dollar Index stays in the negative territory below 90.70 after the data.
The headline General Business Conditions Index of the NY Fed’s Empire State Manufacturing Survey fell to 4.9 in December from 6.3 in November, the NY Fed’s report revealed on Tuesday. This reading missed analysts’ estimate of 6.9.
Further details of the publication revealed that the New Orders Index edged lower to 3.4 from 3.7, the Prices Paid Index jumped to 37.1 from 29.1 and the Employment Index improved to 14.2 from 9.4. Finally, the Six-month Business Conditions Index rose to 36.3 from 33.9.