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ISM Services Survey Surprises To Upside As Prices Paid Surge
ISM Services Survey Surprises To Upside As Prices Paid Surge 'Soft' survey data continues to slump into this morning's Services PMIs as Manufacturing PMIs were weak and Regional Red surveys were a disaster (despite still solid labor market 'hard' data) The S&P Global Services PMI fell from 54.4 to 50.8 (below the 51.4 flash print) in final April data - the lowest since Oct 2023. The ISM Services PMI rose from 50.8 to 51.6 (well above the decline to 50.2 expected). So baffle 'em
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