US: Non-manufacturing PMI dropped to 55.9 in December - ISM

"The Non-Manufacturing Business Activity Index decreased to 57.3 percent, 4.1 percentage points lower than the November reading of 61.4 percent, reflecting growth for the 101st consecutive month, at a slower rate in December,"  the Institute for Supply Management reported on Friday.

Key highlights

This represents continued growth in the non-manufacturing sector at a slower rate.

The New Orders Index registered 54.3 percent, 4.4 percentage points lower than the reading of 58.7 percent in November.

The Employment Index increased 1 percentage point in December to 56.3 percent from the November reading of 55.3 percent.

The Prices Index increased by 0.1 percentage point from the November reading of 60.7 percent to 60.8 percent, indicating that prices increased in December for the seventh consecutive month.