ISM non-manufacturing in the US probably shrank in August
The ISM non-manufacturing in the US probably shrank in August for the third straight month, a sign that the economic slowdown is still in full effect as domestic demand and higher costs prevent companies from expanding, economists and traders said before a report today.
So after a strong round of manufacturing data globally already, ISM doesn't spoil the party, coming in better than expected and well within the range that denotes expansion.