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ISM non-manufacturing PMI comes in at 50 vs. 51.7 estimated
Youtubeยท 2025-10-03 14:26
Economic Data Summary - The ISM services PMI for September is reported at 50, marking the weakest reading since May of this year, which had a sub-50 reading of 49.9 [1] - The prices paid component is at 69.4%, slightly higher than the previous 69.2%, indicating inflationary pressures that are warmer than expected [2] - New orders came in at 50.4%, significantly missing expectations of around 54.5%, and down from the last reading of 56 [2] - Service employment is reported at 47.2%, the only reading below 50, but it is better than expected and sequentially higher than the previous 46.5% [3] - Interest rates have decreased, with the 10-year rate down nine basis points to 4.09% and the two-year rate also down nine basis points to 3.55% [4]