US ISM non-manufacturing activity falls to 56.9 in September

FXStreet (Mumbai) - The US Institute of Supply Management’s (ISM) non-manufacturing activity index in September fell to 56.9 compared to the estimated drop to 57.5 from August’s 59.00.

The pace of growth in services industries cooled from the best reading in a decade, a sign that weak wages may be pushing the demand down amid signs of slowdown in the global economy.

Key Points

Business activity: 60.2 vs 63.9 prior

Employment: 58.3 vs 56.0 prior

New orders: 56.7 vs 63.4 prior

Prices paid: 48.4 vs 50.8 prior