US Services Sector Activity Rebounds — With A Vengeance
If the blockbuster jobs report that blindsided markets on Friday wasn't enough to convince you that the US economy isn't on the brink of recession, perhaps a likewise robust read on services sector activity will do the trick. Less than two hours after traders learned the world's largest economy added more than half a million jobs in January, ISM services printed nearly five points ahead of consensus. At 55.2, the headline stormed back into expansion territory and easily topped the most optimis
2 thoughts on “US Services Sector Activity Rebounds — With A Vengeance”
The numbers are good as long as inflation rates continue to decline. That is the $64,000 question….. notice that the labor force participation rate is improving, meaning the labor supply chain is also starting to heal. This news is almost too good to be true.
I am going to check this, but if you look at the 1m change in Manuf – Services ISM has it ever looked like this before, seems extraordinary