The ISM non-manufacturing (aka ISM Services) index continues its growth cycle and improved. Markit PMI Services Index slightly declined but remains in expansion.
Analyst Opinion of the ISM and Markit Services Survey
Both services surveys are in expansion. The real question is why did employment come in so poorly the last two months from ADP? Did reality separate from these survey’s?
From Bloomberg / Econoday:
From Markit:
From the ISM Services report: