{"id":68126,"date":"2022-07-06T19:08:04","date_gmt":"2022-07-06T15:08:04","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=68126"},"modified":"2022-07-06T19:08:08","modified_gmt":"2022-07-06T15:08:08","slug":"ism-services-pmi-retreats-below-expectations","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/ism-services-pmi-retreats-below-expectations\/07\/06\/market-updates\/","title":{"rendered":"ISM Services PMI retreats below expectations"},"content":{"rendered":"\n<p>The ISM Services PMI in June retreated to 55.3 from 55.9 in May, showing that the business activity in the service sector expanded at a slightly softer pace. This data, however, came in better than the market expectation of 54.5.<br><br>&#8220;The slight slowdown in services sector growth was due to a decline in new orders and employment,&#8221; noted Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee. &#8220;Logistical challenges, a restricted labor pool, material shortages, inflation, the coronavirus pandemic and the war in Ukraine continue to negatively impact the services sector.&#8221;<br><br>The New Orders component of the survey fell to 55.6 from 57.6 and the Employment component slumped to 47.4, pointing to a contraction in service sector employment.<br><br>As for the market&#8217;s reaction, the the US Dollar Index regained its traction after this data and was last seen rising 0.67% on the day at 107.20.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ISM Services PMI in June retreated to 55.3 from 55.9 in May, showing that the business activity in the service sector expanded at a slightly softer pace. This data, however, came in better than the market expectation of 54.5.&#8220;The slight slowdown in services sector growth was due to a decline in new orders and &hellip;<\/p>\n","protected":false},"author":13,"featured_media":57755,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[9034,8130,6858,6871],"class_list":["post-68126","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-ism-services-pmi","tag-new-orders","tag-us-economy","tag-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=68126"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68126\/revisions"}],"predecessor-version":[{"id":68170,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68126\/revisions\/68170"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/57755"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=68126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=68126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=68126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}