The ISM Services PMI climbed to 54.1 in December 2024, up from 52.1 in November, exceeding the market expectation of 53.3.
This marks the 10th time this year the index has signaled expansion. The Business Activity Index jumped to 58.2%, a 4.5-point increase from November’s 53.7%, reflecting six straight months of growth and recording the third-highest reading of the year.
The New Orders Index edged up to 54.2%, a 0.5-point improvement over November’s 53.7%. Meanwhile, the Employment Index, though slightly lower at 51.4% compared to 51.5% in November, remained in expansion for the fifth time in six months.
Source: Institute for Supply Management
ADP Data Disappoints, Yields Rise (01.09.2025)In December 2024, U.S. private businesses added 122,000 jobs, marking the smallest gain in four months and falling short of analysts' expectations of 140,000.
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U.S. Jobless Claims Fall to 201,000, Insured Unemployment RisesFor the week ending January 4, seasonally adjusted initial jobless claims were reported at 201,000, reflecting a decline of 10,000 from the previous week's revised figure of 211,000.
Detail Risk Aversion Returns as Euro Plummets (01.09.2025)The Euro weakened significantly against the US Dollar, driven by a sharp decline in German Factory Orders and expectations of aggressive interest rate cuts by the European Central Bank.
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