US: ISM Services PMI rose to a record 69.1 in November vs. 65.0 expected

The Institute of Supply Management’s headline Services PMI index rose to a fresh record high at 69.1 in November versus forecasts for a modest fall to 65.0 from 61.9 in October.

Subindices

• The Business Activity index rose to 74.6 from 69.8 in October. 
• The Prices Paid index fell to 82.3 from 82.9 in October. 
• The New Orders index held steady at 69.7 in November. 
• The Employment index rose to 56.5 from 51.6 in October.