US ISM services fell to 51.8, corresponds to 0.7% annualized GDP growth

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<p>US ISM Services fell from 53.6 to 51.8 in October, below expectation of 53.2. Business activity/production fell from 58.8 to 54.1. New orders rose from 51.8 to 55.5. Employment dropped from 53.4 to 50.2. Prices ticked down from 58.9 to 58.6. ISM said: “The past relationship between the Services PMI and the overall economy indicates […]</p>
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