US Services Index Shrinks, Jobs Report, Apple Earnings
Bloomberg Intelligence
Analysis of ISM Services Index and Economic Trends
Exploring the recent contraction in leading indexes like business activity, new orders, and employment, as the ISM services index falls below 49.4 due to challenges in finding workers and controlling labor expenses. Despite this being the first contraction since December 2022, there is cautious optimism for potential improvements based on respondent feedback.
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