The main US services sector PMI for December
Five month low
Prior was 57
Employment 56.3 vs 58.4 prior
New orders 62.7 vs 62.5 prior - six month high
Prices paid 57.6 vs 64.3 lowest since July 2017
Inventories 51.5 vs 57.5 prior
Inventory sentiment 59.0 vs 60.0 prior
new export orders 59.5 vs 57.5 prior
Imports 53.5 vs 54.5 prior
Backlog of orders 50.5 vs 55.5 prior
The headline is a disappointment but that tick higher in new orders should help to moderate the reaction.
Commentary in the report: