US ISM services dropped to 59.9 in Jan, corresponds to 3.5% annualized GDP growth

<p>US ISM Services dropped -2.4 pts to 59.9 in January, above expectation of 58.7. Looking at some details, business activity/production dropped -8.4 to 59.9. New orders dropped -0.4 to 61.7. Employment dropped -2.4 to 52.3. Supplier deliveries rose 1.8 to 65.7. Prices dropped -1.6 to 82.3. ISM said: “The past relationship between the Services PMI® […]</p>
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