Continuum Economics
  • Search
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
  • Calendar
  • Forecasts
  • Events
  • Data
  • Newsletters
  • My Alerts
  • Community
  • Directory
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
    • All
    • Thematic
    • Tactical
    • Asia
    • EMEA
    • Americas
    • Newsletters
    • Freemium
    • Editor's Choice
    • Most Viewed
    • Most Shared
    • Most Liked
  • Calendar
    • Interactive
      • China
      • United States
      • Eurozone
      • United Kingdom
    • Month Ahead
    • Reviews
    • Previews
  • Forecasts
    • Forecasts
    • Key Views
  • Events
    • Media
    • Conference Calls
  • Data
    • Country Insights
    • Shadow Credit Ratings
    • Full CI Data Download
  • Newsletters
  • My Alerts
  • Community
    • FX
    • Fixed Income
    • Macro Strategy
    • Credit Markets
    • Equities
    • Commodities
    • Precious Metals
    • Renewables
  • Directory
  • My Account
  • Notifications Setup
  • Account Details
  • Recent Devices
  • Distribution Lists
  • Shared Free Trials
  • Saved Articles
  • Shared Alerts
  • My Posts
Published: 2024-01-26T18:54:02.000Z

Preview: Due February 5 - U.S. January ISM Services - Employment to rebound from December weakness

byDave Sloan

Senior Economist , North America
-

We expect January’s ISM services index to increase to 52.0 from December’s weaker index of 50.4, which was revised from its original release of 50.6. This will keep the picture subdued but positive.

The S and P services index saw a fourth straight improvement in January reaching a 7-month high of 52.9 but is not a reliable guide to ISM data. S and P data appears more sensitive to bond yields. Most regional surveys remained quite subdued, though were on balance a little improved from December.

The main source of improvement is likely to be a rebound in employment from a very weak December outcome of 43.3, though at 49.0 we do not expect the index to quite return to the marginally positive picture seen through most of 2023. We do not expect much change in the other three components of the composite, business activity, new orders and deliveries. Prices paid do not contribute to the composite. We expect a modest slowing to 55.0 from 56.7.

Continue to read the article for free
Login

or

or

Topics
Foreign Exchange
Data

GENERAL

  • Home
  • About Us
  • Our Team
  • Careers

LEGAL

  • Terms and Conditions
  • Privacy Policy
  • Compliance
  • GDPR

GET IN TOUCH

  • Contact Us
Continuum Economics
The Technical Analyst Awards Winner 2021
The Technical Analyst Awards Finalist 2020
image