actual 51.3, previous 54.4
The ISM Services New Orders report for January is an economic indicator that measures the level of new orders placed with businesses in the services sector in the United States.
In this report, the actual value came in at 51.3, which is lower than the previous value of 54.4. This represents a decrease of 3.1 points from the previous period. The result also fell short of the market expectation of 54.1.
The impact of this event is considered low, as it provides insights into the current level of demand for services but may not have a significant impact on the overall market sentiment.
Overall, a lower-than-expected ISM Services New Orders figure may indicate a slowdown in the services sector, which could have implications for economic growth and employment in the US.