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July’s Non-Manufacturing ISM comes in Below Expectations

July’s non-manufacturing ISM came in at 46.4, compared to last month’s reading of 47.0 in June, and a market consensus of 48.2.  July’s employment index moved to 41.5 from 43.4.  The prices paid index moved to 41.3 from 53.7.  Weakness in the employment index coupled with a weaker than anticipated ADP report could place negative […]