US ISM services rose to 58.7, corresponds to 3.4% annualized GDP growth

<p>US ISM Services PMI rose to 58.7 in January, up from 57.5, above expectation of 57.5. Services sector has been growing for the eighth consecutive months. Looking at some details, production dropped slightly by -0.6 to 59.9. New orders rose 3.2 to 61.8. Employment rose 6.5 to 55.2. Prices dropped -0.2 to 64.2. ISM said: [&#8230;]</p>
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