ISM Services Remain Strong in August But Comments Tell a Different Story

From mishtalk.com

The September 2022 Services ISM® Report On Business® is reasonably strong as expected in this corner but the comments ring true to what's happening. Key Points • “The Supplier Deliveries Index registered 53.9 percent, 0.6 percentage point lower than the 54.5 percent reported in August. (Supplier Deliveries is the only ISM® Report On Business® index that is inversed; a reading of above 50 percent indicates slower deliveries, which is typical as the economy improves and customer demand increases.) • “The Prices Index decreased for the fifth consecutive month in September, down 2.8 percentage points to 68.7 ... (full story)