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U.S.: ISM non-manufacturing PMI improves

Christian Fernsby ▼ | January 8, 2020
The business activity in the U.S.' service sector expanded at a strong pace in December with the Institute for Supply Management's (ISM) Non-Manufacturing PMI improving to 55 from 53.9 in November.
U.S. street people
American businesses   The US Dollar Index inched higher on the back of upbeat data
This reading came in better than the market expectation of 54.5.

Topics: U.S. manufacturing PMI

The US Dollar Index inched higher on the back of upbeat data and was last up 0.42% on the day at 97.02.

Commenting on the data, "the non-manufacturing sector had an uptick in growth in December," noted Anthony Nieves, Chair of the Institute for Supply Management (ISM) Non-Manufacturing Business Survey Committee. "The respondents are positive about the potential resolution on tariffs. Capacity constraints have eased a bit; however, respondents continue to have difficulty with labor resources."


 

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