ISM Services Index Drops More Than Expected

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Headline: 57.3Consensus: 59.0

Analysis: Last month, the ISM non-manufacturing index came in at 59.7, petty firm month-over-month from January.

Anything over 50 is good, as it means the sector is growing. But this number came in a little weaker than expected.

The prices paid index fell a bit, which is good news for those worried about inflationary pressures.

Don’t miss: Why Citi believe it’s too soon for the U.S. to tighten >

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