Today's ISM Services (Non-manufacturing) Index brought a nice upside surprise

Jay Soloff

Argonath Financial

Today's ISM Services (Non-manufacturing) Index brought a nice upside surprise. November's number came in at 59.3, a big jump from last month's 57.1 and much higher than the consensus estimate of 57.5. 8 out of the 10 index components increased from last month as well as year-over-year. The Business Activity Index increased 4.4% from last month, while New Orders climbed 2.3%. The Employment Index declined 2.9% but remains 2.2% above last year's reading. All 14 services industries reported growth for the month. (VIEW LINK)

Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.