ISM services higher than anticipated

Source: Dukascopy Bank SA
The services sector grew for the sixth month in a row in December, with the Services PMI at 54.1%, up from 52.1% in November. Business activity and new orders increased, while employment remained stable. Supplier deliveries slowed, and prices rose to 64.4%. Nine industries saw growth, but order backlogs kept shrinking. Panelists were optimistic, influenced by seasonal factors and concerns about tariffs.



Further economic expansion in the services sector should positively influence stock market returns. However, fundamentals could be impacted by market conditions in the near term. Overall, Donald Trump's "America First" policy should remain a key driver of economic expansion.
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Thu, 16 Jan 2025 12:35:03 GMT

Consumer price index rises

The Consumer Price Index (CPI) for All Urban Consumers rose 0.4% in December, following a 0.3% increase in November. Over the past year, the CPI increased by 2.9%. Energy prices rose 2.6% in December, with gasoline up 4.4%. Food prices also increased by 0.3%, both at home and away from home. Excluding food and energy, the CPI rose 0.2% in

Fri, 03 Jan 2025 15:46:39 GMT

The last ISM report of 2024 comes in mixed

Economic activity in the manufacturing sector shrank in December for the ninth month in a row, continuing a trend seen in 25 out of the last 26 months, according to the latest Manufacturing ISM report. The Manufacturing PMI® was 49.3% in December, up from 48.4% in November, showing slow growth. The overall economy is still expanding, marking 56 months

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