ISM Service Index Stagnation

Investment Analysis Clubs Macro Economic Trends and Risks
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https://finance.yahoo.com/news/us-services-gauge-falls-weakest-144059896.html

Bloomberg

US Services Gauge Falls on Weakest Business Activity Since 2020

(Bloomberg) – The US service sector stalled in September as business activity shrank for the first time since the pandemic and orders barely expanded.

The Institute for Supply Management’s index of services dropped 2 points to 50, a level that indicates stagnation, the group said Friday. The figure was weaker than all estimates in a Bloomberg survey of economists.

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We no longer have the more accurate employment numbers.

This report matters. We will see if the markets care.