Fiper | Flash Services PMI

The Institutional Support Management (ISM) Non-Manufacturing Index determines the level of activity of purchasing managers in the services sector, and a reading above 50 indicates expansion. To get a reading of this indicator, purchasing managers determine the level of certain elements in the sector, including employment, production, new orders, resource allocation, and inventories.
The US Services PMI was revised slightly to 46.2 in November of 2022 from an initial 46.1, but it continued to mark the fifth consecutive month of decline in services activity and the second-largest decline since May of 2020. It was There was a sharper decline in new orders, as both domestic and foreign customer demand remained weak. Efforts to attract customer spending were reflected in the slowest rise in output charges since October 2020. Also, an uptick in selling prices followed an easing of cost pressures, with input prices rising at the slowest rate in nearly two years. Weak customer demand led to a strong decline in backlogs, with concerns about future inflows of new orders resulting in lower than average levels of business confidence. However, efforts to fill long-standing vacancies have resulted in marginally higher employment rates. Finally, business expectations improved amid hopes of increased customer demand and lower inflation rates over the next year, but remained below average levels.

Outlook for today's statement and how it will affect the currency

The expected level for today's statement is 46.5
In the event that the current statement is issued at a higher than expected level, it will positively affect the currency, and vice versa