FYI: After hitting a 12-year high in October, sentiment in the services sector of the US economy pulled back a little more than expected in November. While economists were expecting November’s ISM Non-Manufacturing report to pull back from 60.1 to 59.0, the actual reading came in even weaker at 57.4. Taking this morning’s report and factoring in Thursday’s report on the Manufacturing sector, the combined ISM for November came in at 57.5 compared to 59.9 in October.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/ism-services-pull-back-from-a-multi-year-high/
