The October ISM Services index was at 56.6%, down from 57.8% last month. The employment index decreased to 50.1%, from 51.8%. Note: Above 50 indicates expansion, below 50 contraction.
From the Institute for Supply Management: Services PMI™ at 56.6%; October 2020 Services ISM® Report On Business® Business Activity Index at 61.2%; New Orders Index at 58.8%; Employment Index at 50.1%; Supplier Deliveries Index at 56.2% This graph shows the ISM services index (started in January 2008) and the ISM services employment diffusion index. This was below the consensus forecast, and the employment index was barely above 50. from http://www.calculatedriskblog.com/2020/11/ism-services-index-decreased-to-566-in.html
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