US ISM services falls to 53.6, corresponds to 1.3% annualized GDP growth

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<p>US ISM Services PMI fell from 54.5 to 53.6 in September, matched expectations. Looking at some details, business activity/production rose from 57.3 to 58.8. New orders dropped sharply from 57.5 to 51.8. Employment dropped from 54.7 to 53.4. Prices was unchanged at 58.9. ISM said: “The past relationship between the Services PMI and the overall […]</p>
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