2:00 PM · 3 May 2023

BREAKING: ISM Services little higher than expected

Print: 51.9 (exp.: 51.8; prev.: 51,2)

Employment: 50,8 (exp.: 52.6; prev.: 51.3)

New orders: 56.1 (exp.: 57.0; prev.: 52.2)

New export orders: 60.9 (prev.: 43.7)

Prices: 59.6 (exp.: 59.9; prev.: 59.5)

Better than expected release, however, fueled mainly by new orders and new export orders. Price is not growing as expected and employment is slightly worse (however ADP data showed that employment is rising much higher than expected).

Source: ISM

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