U.S. services growth softened in October, but hiring improved, InvestingLive reports from the ISM survey. The new-orders index fell to 55.9 from 59.8 and business activity eased to 53.8 from 56.5. Employment rose to 51.4 from 50.1. Prices paid edged down to 73.0 from 74.0 but remained elevated. The combination points to continuing expansion with less momentum, while persistent input-cost pressure complicates the inflation outlook.
Related currencies / asset groups: USD
InvestingLive describes continuing services strength without a major acceleration.
The October ISM services new-orders index fell to 55.9 from 59.8, while business activity eased to 53.8 from 56.5.
InvestingLive / ForexLiveThe employment index rose to 51.4 from 50.1.
InvestingLive / ForexLivePrices paid eased to 73.0 from 74.0 but remained elevated.
InvestingLive / ForexLivePrices paid remained elevated despite easing, while employment strengthened.
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