New data ISM Services Business Activity (Jan)
2/5/2025
actual 54.5, previous 58
The ISM Services Business Activity report for January is scheduled to be released on February 5, 2025, at 15:00 GMT. This economic indicator measures the level of business activity in the services sector in the United States.The actual value for this report is 54.5, which is a decrease of 3.5 points from the previous value of 58. This indicates a decline in business activity in the services sector compared to the previous period.
The market consensus, or estimate, was 58.1, meaning that the actual value came in below expectations. The impact of this report is considered low, but it can still provide insights into the overall health of the services sector in the US.
Overall, the decrease in the ISM Services Business Activity index suggests a slowdown in business activity in the services sector, which could have implications for the broader US economy.
This is not investment advice. Remember to verify the information provided here.
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