U.S. Aug. ISM Services PMI printed higher at 56.9; prev. 56.7
Employment bounced back from contraction levels, prices paid fell to 71.5 from 72.3, this was the lowest reading since January 2021
Business activity ticked higher to 60.9 vs a previous 59.9
The largest change to the upside was seen in new export orders rising 2.4 points to 61.9, backlog orders dropped 4.4 points to 53.9
Looking at the previous couple of prints, we note decent divergence between the U.S. manufacturing and services sectors, the largest since November
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