ISM Services Slumps In March As Export Orders Collapse

By Tyler Durden

After ISM Manufacturing’s tumble spooked markets yesterday (along with the JOLTS data), all eyes were hopefully looking towards the Services surveys for some soft-landing narrative reinforcement.

• S&P Global Services PMI disappointed, falling from 53.8 flash to 52.6 final, but still up from February’s 50.6 – and the highest since June 2022
• ISM Services disappointed too, dropping from 55.1 to 51.2 (54.4 exp)

As macro surprise data has risen all year (until this week)…

Read Full Article Here…(zerohedge.com)

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