April 2018 US ISM non-manufacturing PMI 3 May 2018

  • Prior 58.8
  • Business activity 59.1 vs 60.0 exp. Prior 60.6
  • Employment 53.6 vs 56.6 prior
  • Prices paid 61.8 vs 61.5 prior
  • New orders 60.0 vs 59.5 prior

Soft on the headline and mixed on the sub-components.

Comments note some labour tightness and price rises, along with tensions over tariff, which survey director Nieves mentions also;

  • Respondents cite uncertainty over tariffs
  • Remain positive over business and the economy

No moves of note in the dollar.

Ryan Littlestone

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