FXstreet.com (Barcelona) - Activity in the US non-manufacturing sector has fallen into contraction figures in January for the first time in the last 58 months, accoding to data released by the Istitute for Supply Management.
Non-manufacturing ISM business index has decreased to 44.6 in January from 53.9 in December, well into contraction for the first time since March 2003. The New orders index has declined to 43.5 in January, while the employment index employment index fell to 43.9 points, the lowest level since February 2002. 70.
The prices index has decreased to 70.7 from 71.5 in December.