US: Non-manufacturing sector grew at a slower rate in November - ISM

Eren Sengezer FXStreet

"The NMI registered 57.4 percent, which is 2.7 percentage points lower than the October reading of 60.1 percent," the Institue for Supply Management announced reported on Tuesday.

Key highlights

The Non-Manufacturing Business Activity Index decreased to 61.4 percent, 0.8 percentage point lower than the October reading of 62.2 percent.

The New Orders Index registered 58.7 percent, 4.1 percentage points lower than the reading of 62.8 percent in October.

The Employment Index decreased 2.2 percentage points in November to 55.3 percent from the October reading of 57.5 percent.

The Prices Index decreased by 2 percentage points from the October reading of 62.7 percent to 60.7 percent, indicating prices increased in November for the sixth consecutive month.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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