US: ISM Services PMI declines to 56.7 in September vs. 56 expected

The business activity in the US service sector expanded at a slightly softer pace in September than it did in August with the ISM Services PMI declining to 56.7 from 56.9. This reading, however, came in better than the market expectation of 56.

Further details of the publication revealed that the Employment Index improved to 53 from 50.2 and the Prices Paid Index declined to 68.7 from 71.5.

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