FYI: After three straight months of weaker than expected headline reports, today’s ISM Services report for the month of February did see a sequential decline but still managed to surprise to the upside. While economists were forecasting the headline index to come in at a level of 53.1, the actual reading came in at 53.4. On a combined basis and accounting for each sector’s share in the overall economy, the combined February ISM came in at 52.9 which was unchanged from January.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/ism-services-surprises-to-the-upside/
