The ISM Services PMI for the US jumped to 61.90 in September from 61.7 in the previous month, beating analysts’ expectations of 61.3. Today's reading pointed to a robust growth in the services sector, although the ongoing challenges with labor resources, logistics, and materials are affecting the continuity of supply.
- Employment 53.0 vs 53.7 prior
- New orders 63.5 vs 63.2 prior
- Prices paid 77.5 vs 75.4 prior
- Business activity 62.3 vs 60.1 prior
- Backlog of orders 61.9 vs 61.3 prior
- New export orders 59.5 vs 60.6 prior
- Imports 47.7 vs 48.7 prior
- Inventories 46.1 vs 46.9 prior
EURUSD fell below 1.1600 level after today's data releases and is heading towards next support at 1.1564. Source:xStation5
UK GDP growth lower than expected, German retail sales higher than expected
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