4 Feb 2016
US: ISM declines while ADP remains healthy - ANZ
FXStreet – Research Team at ANZ, notes we had mixed data releases from the US in the previous session.
Key Quotes
“The US non-manufacturing ISM fell in January to 53.5 from 55.8 in December. This is the lowest level since February 2014. The business activity index declined to 53.9 from 59.5, employment fell to 52.1 from 56.3. New orders, a barometer of future activity, eased to 56.5 from 58.9, but nonetheless this sub-component remained at healthy levels.
In contrast, the January ADP employment report indicated that the labour market remains healthy, with employment rising 205k (mkt: +195k).”
Key Quotes
“The US non-manufacturing ISM fell in January to 53.5 from 55.8 in December. This is the lowest level since February 2014. The business activity index declined to 53.9 from 59.5, employment fell to 52.1 from 56.3. New orders, a barometer of future activity, eased to 56.5 from 58.9, but nonetheless this sub-component remained at healthy levels.
In contrast, the January ADP employment report indicated that the labour market remains healthy, with employment rising 205k (mkt: +195k).”