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US September ISM Services PMI falls to 54.9; Prices Paid index rises to 74.0
The Institute for Supply Management (ISM) reported that the US September Services PMI fell to 54.9 from 55.4 in August. The Employment index rose to 50.1 from 47.8, while the Production index declined to 56.5 from 61.7. New Orders also decreased to 59.8 from 60.9. The Prices Paid index, a measure of inflation, increased to 74.0 from 72.6 in August.
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