Services ISM Posts Lowest Number Since February 2010

by Mike ‘Mish’ Shedlock
Mish Talk

What little hope remaining for a September rate hike vanished this morning with the non-manufacturing ISM numbers.

New orders posted the lowest score since 2013 and new export orders plunged into contraction.

Economists missed the mark on this on by a mile. The Econoday Consensus reading was 55.0 in a range of 54.0 to 56.1. The posted number came in at 51.4.

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