• 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

US Services Growth Cools to Three-Month Low

January 5, 2022 by Forex Winner Leave a Comment

US Services Growth Cools to Three-Month Low

Source: IHS Markit

The growth of US service providers fell to a three-month low in December, dragged by the sustained pressure on capacity during the month.

  • The IHS Markit US Services PMI Business Activity fell to 57.6 in December from 58.0 in November, marking the lowest in three months.
  • Firms reported staffing concerns and difficulties in retaining workers, denting job creation, and bringing employment growth to a three-month low.
  • Capacity constraints also continued to drive work backlogs higher, driven by labor and input shortages along with higher client demand.
  • Providers indicated a softer increase in output prices, but inflation was little changed from the series-high in October. Charge hikes were linked to the competition.
  • The Composite PMI Output Index fell to 57.0 from 57.2 in November, still signaling a steep increase in the private sector business activity for the month.
  • Business confidence strengthened to the highest level since November 2020, as companies were optimistic about the more favorable market and supply chain conditions.

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Your email address will not be published.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

Tron DAO to Pull Out Additional 3 Billion TRX

Tron DAO to Pull Out Additional 3 Billion TRX

June 16, 2022

Jabil’s Q3 Earnings Per Share Beats Estimate by 10%, Upgrades Guidance

Jabil’s Q3 Earnings Per Share Beats Estimate by 10%, Upgrades Guidance

June 16, 2022

Federal Reserve Hints at Further Policy Tightening After 75-Basis Point Hike

Federal Reserve Hints at Further Policy Tightening After 75-Basis Point Hike

June 16, 2022

Footer

Forex Broker Reviews

eToro

eToro Review

April 23, 2019 By Forex Winner

simplefx

SimpleFX Review

December 19, 2019 By Forex Winner

OctaFX Broker

OctaFX Review

January 24, 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 © 2022 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure