The ISM Services PMI in the USA recorded a decline, falling to 50.0 from the previous reading of 52.0. This marks a decrease of 2.0 points, indicating a slowdown in the growth of the services sector.
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The actual ISM Services PMI figure of 50.0 fell short of the analyst estimate of 51.7, suggesting weaker-than-expected activity in the services sector. This shortfall is likely to weigh on market sentiment, particularly affecting stocks in the services and consumer sectors. The impact may be short-term as investors reassess growth expectations, but it could also influence longer-term policy expectations if the trend persists.