ISM SERVICES COOLS, BUT INFLATION PRESSURES INTENSIFY

SEPTEMBER ISM SERVICES EASED TO 54.9 FROM 55.4, WHILE BUSINESS ACTIVITY FELL TO 56.5 AND NEW ORDERS TO 59.8.

EMPLOYMENT STRENGTHENED TO 50.1, RETURNING TO EXPANSION.

THE KEY CONCERN REMAINS INFLATION: PRICES PAID JUMPED TO 74.0, THE HIGHEST SINCE JULY 2022, AMID HIGHER FUEL COSTS, TARIFFS AND SUPPLY-CHAIN CONSTRAINTS.

US SEP ISM SERVICES PMI 54.9 (55.4 AUG)

US SEP ISM SERVICES EMPLOYMENT 50.1 (47.8 AUG)

US SEP ISM SERVICES PRODUCTION 56.5 (61.7 AUG)

US SEP ISM SERVICES NEW ORDERS 59.8 (60.9 AUG)

US SEP ISM SERVICES PRICES PAID 74.0 (72.6 AUG) - *WALTER BLOOMBERG ...