The ISM providers report was once considered one of my favourite financial indicators. It was an important forward-looking information level on the most important a part of the US economic system.
However within the post-pandemic interval it hasn’t been useful. There have been three sharply decrease prints indicating a speedy deterioration within the economic system and all three proved to be fakeouts and no weak spot within the providers facet of the economic system developed.
This text was written by Adam Button at www.forexlive.com.