The US economy softened a little in summer after the surge in Q2, but it seems like it has left behind that soft patch. All indicators keep showing week after week since September that all sectors are booming once again and today ISM services jumped to 66.7 points. The USD hasn’t made most of this expansion but will pick up pace once the FED starts expecting this. Below are the ISM service and ADP employment reports, both of which are quite positive, showing an improving jobs market as well.

October ISM Service Sector Survey

  • ISM services index 66.7 points vs 62.0 expected
  • September  ISM services were 61.9 points
  • Employment 51.6 points vs 53.0 prior
  • New orders 69.7 points vs 63.5 prior – record high
  • Prices paid 82.9 points vs 77.5 prior – highest since 2005
  • Business activity 69.8 points vs 62.3 prior
  • Backlog of orders 67.3v vs 61.9 prior
  • New export orders 62.3 points vs 59.5 prior
  • Imports 53.3 points vs 47.7 prior
  • Inventories 37.3 points…

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