• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

U.S Economic Activity in the Service Sector Rose for the Eighth Consecutive Month

February 3, 2021 by Forex Winner Leave a Comment

U.S Economic Activity in the Service Sector Rose for the Eighth Consecutive Month

U.S Services PMI hit 58.7% in January, up one percentage point from December’s level of 57.7%, according to the Institute of Supply Management press release. The reading is the highest since February 2019 and the eighth straight month of growth in the services sector.

  • The overall Business Activity Index fell by 0.6 percentage point from 60.5% in December to 59.9% in January.
  • The Services Employment Index was 55.2% in January, up 6.5 percentage points from December’s 48.7% reading.
  • New Orders Index reached 61.8%, up 3.2 percentage points from December’s reading of 58.6%
  • The Prices Index was 64.2%, down 0.2 percentage point from December’s level of 64.4%
  • The Supplier Deliveries Index was 57.8%, down 5-percentage points from December’s reading of 62.8%
  • The Inventories Index contracted to a reading of 49.2%, down 9-percentage points from December’s reading of 58.2%.
  • Inventory Sentiment Index was 49.7% in January, up 2-percentage points from 47.7% in December.
  • New Export Orders declined to 47% in January, down 10.3 percentage points from December’s reading of 57.3%
  • The Import Index reached 53.5% in January, up 1.7 percentage points from December’s 51.8% level.

U.S stocks are currently mixed as the dollar gains. SPY is up 0.0026%, QQQ is down 0.076%, EURUSD is down 0.20%

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

How to Predict Forex Movement?

November 30, 2022

The Red Dog Reversal: A Strategy for Day or Swing Trading

November 9, 2022

Tron DAO to Pull Out Additional 3 Billion TRX

Tron DAO to Pull Out Additional 3 Billion TRX

June 16, 2022

Footer

Forex Broker Reviews

etx capital

ETX Capital Review

June 1, 2020 By Forex Winner

Admiral Markets

Admiral Markets Review

April 23, 2019 By Forex Winner

Darwinex

Darwinex Review

May 14, 2020 By Forex Winner

Forex Robot Reviews

Profit Lab EA Review

Profit Lab EA Review

June 28, 2022 By Forex Winner

GoodMorning EA

GoodMorning EA Review

June 23, 2022 By Forex Winner

FxHT Daily Trend EA Review

FxHT Daily Trend EA Review

June 22, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure