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BREAKING: Headline ISM services PMI for August above forecasts

3:06 PM 3 September 2021

The headline ISM Non-Manufacturing PMI for the month of August fell to 61.7 from 64.1 a month ago. However, the result was slightly above the consensus estimate of 61.5. Other subindices came in as follows:

  • ISM Non-Manufacturing Business Activity: 60.1 (previously: 67.0)

  • ISM Non-Manufacturing Employment: 53.7 (previously: 53.8)

  • ISM Non-Manufacturing New Orders: 63.2 (previously: 63.7)

  • ISM Non-Manufacturing Prices: 75.4 (previously: 82.3)

US500 is currently recovering after declines caused by weak NFP print. Based on previous price actions, the area near 4,538 pts may be a resistance worth to watch (here seen on M15 interval). Source: xStation5

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