Past Release · ISM Services
October 2024 ISM Services Report
Tuesday, October 1, 2024
ISM Services printed at 70.50, a +0.57% move from the prior reading of 70.10.
Headline Reading
Consumer Sentiment (Michigan)→70.50
Oct 1
Prior
70.10
Absolute
+0.40
Percent
+0.57%
What to Watch For
- •Headline ISM Services vs 50
- •Business activity subindex
- •New orders
- •Employment
- •Prices, services inflation proxy
Expected Market Reaction
Given services dominance, ISM Services moves matter more for overall economic read. Hot prices subindex is hawkish for bonds. Weak business activity with hot prices = stagflation signal.
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