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
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