The July ISM services index fell 1 pt to 55.5 which was a touch below the estimate of 55.9 but is still above the average year to date of 54.6. This compares with the 2015 average of 57.2. New orders rose .4 pts to the best since October at 60.3 although there was a drop in the number of companies seeing an increase to 13 from 15 surveyed in June. Backlogs rose 3.5 …
[Read more...] about ISM, ADP, Services PMI’s, Mortgage Apps
Peter is the Chief Investment Officer at Bleakley Advisory Group and is a CNBC contributor. Each day The Boock Report provides summaries and commentary on the macro data and news that matter, with analysis of what it all means and how it fits together.