The continued fall in the ISM Services prices paid index is consistent with “supercore” PCE inflation remaining elevated over the next few months, but heading back down in the right direction. Meanwhile, the broad-based strength in the headline index suggests that conditions in the services sector are picking-up, hinting at the potential for some more broad-based economic growth.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services