ISM Non-Manufacturing drops to 52.0

Monday, 5 December 2011 07:11

The Institute for Supply Management published data on ISM Non-Manufacturing Index in U.S. showing a decline to 52.0 in November, the lowest level since January 2010.

Still over 50, but lower than October’s 52.9 and much lower than expectations of 53.4

Meanwhile the Employment Index declined to 48.9 and The New Orders Index grew by 0.6 points to 53.0, indicating expand.

At the time of data release dollar kept loosing against the euro, with EUR/USD traded at 1.3457.