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U.S.: ISM non-manufacturing PMI improves

Christian Fernsby |
The business activity in the U.S.' service sector expanded at a strong pace in December with the Institute for Supply Management's (ISM) Non-Manufacturing PMI improving to 55 from 53.9 in November.

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Topics: U.S.    MANUFACTURING    PMI   

This reading came in better than the market expectation of 54.5.

The US Dollar Index inched higher on the back of upbeat data and was last up 0.42% on the day at 97.02.

Commenting on the data, "the non-manufacturing sector had an uptick in growth in December," noted Anthony Nieves, Chair of the Institute for Supply Management (ISM) Non-Manufacturing Business Survey Committee. "The respondents are positive about the potential resolution on tariffs. Capacity constraints have eased a bit; however, respondents continue to have difficulty with labor resources."

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