February ISM non-manufacturing index 59.5 vs 59.0 expected

Services sector reading from the Institute for Supply Management

  • Prior was 59.9 (was highest since Aug 2005)
  • Prices paid 61.0 vs 61.9 prior
  • New orders 64.8 vs 62.7 prior
  • Employment 55.0 vs 61.6 prior

Strong report, especially new orders, which are at the highest since 2011.

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