Reply To: Traders Market Weekly: Treasury Debt and Central Bank Balancing Act

#68470
Truman
Participant

The ISM Non-Manufacturing Index increased to 52.7% in November (consensus 52.4%) from 51.8% in October. The dividing line between expansion and contraction is 50.0%, so the November reading connotes services sector activity expanding at a faster pace versus October. November marked the eleventh consecutive month of growth for the services sector.

The key takeaway from the report is that the largest sector of the U.S. economy saw a pickup in activity in November that is supportive of the soft landing view.