Another Record: ISM Services Comes In Scorching

Another Record: ISM Services Comes In Scorching

US services sector activity picked up dramatically last month, ISM said Monday. The headline print on the services gauge came in at 63.7. That's a record in data back to 1997 and was easily better than the 59 consensus expected. The range, from more than four-dozen economists surveyed, was 57 to 62. This came on the heels of the hottest ISM manufacturing print since 1983 and added to evidence that the world's largest economy is gathering momentum amid fresh stimulus and hopes for a grand su
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2 thoughts on “Another Record: ISM Services Comes In Scorching

  1. “With vaccine distribution proceeding rapidly, herd immunity (or something like it, anyway) seems likely within six months.”

    With the caveat that we are speaking of the US only

    Japanese TV news this morning was talking about a 57,000 spike in cases yesterday in India. (Like that other populist-run country Brazil, the virus news is getting worse, not better.) But didn’t Ontario bring back lock-down measures last week? Why, that’s our neighbor!

    I guess we are assuming we can seal ourselves off from the rest of the world.

    Is this “as good as it gets”?

    1. Correction as per Bloomberg:

      Virus & vaccines: India added more than 100,000 daily infections for the first time, prompting Mumbai to impose new restrictions.

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