The small fall in the ISM services index suggests activity in the sector lost some momentum at the start of the fourth quarter. Together with the increase in its manufacturing counterpart, this leaves our weighted composite index consistent with GDP growth slowing to around 2%. Equally, while the fall in the prices paid index provided some better news, it still points to headline inflation remaining around 4% in the coming months.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
