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US ISM non-manufacturing PMI beats estimates, but employment drops

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The US Institute of Supply Management’s (ISM) non-manufacturing or services PMI index for February came-in at 53.4, bettering the estimate of 53.2. The previous month’s figure stood at 53.5.

    However, the details carried negative news in the form of employment index, which fell to 49.7 in February from January figure of 53.9.

    Key points

    Business index 57.8 Feb vs 53.9 Jan

    Prices 45.5 Feb vs 46.4 Jan

    Employment index 49.7 Feb vs 52.1 Jan

    New orders 55.5 Feb vs 56.5 Jan

    Supplier deliveries 50.5 Feb vs 51.5 Jan (nsa)

    Order backlog 52.0 Feb vs 52.0 Jan (nsa)
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