Tag Archives: Services PMI
US services industry grew moderately as inflation eases.
US services industry slowed down in March, with services pricing drop to four-year low, in-line with Fed’s outlook. According to Institute for Supply Management (ISM), Non-Manufacturing PMI for last month fell from 52.6 to 51.4. The index marks second monthly decline since its rebound in January. (ISM Non-Manufacturing PMI) Although the index remains above 50, […]
US Data Disappoints, Tech Stocks Lead the Slide
Major averages on Wall Street stumbled on Tuesday, adding to previous declines triggered by a far-reaching sell-off in the tech sector and rising fears regarding a possible economic deceleration. A 1% fall was recorded by the S&P 500, the Dow Jones took a dive, dropping 404 points, while the Nasdaq receded by 1.6%. New data […]
