A report released by the Institute for Supply Management on Wednesday showed its reading on U.S. service sector activity came in unchanged in the month of January.
The ISM said its services PMI came in at 53.8 in January, unchanged from a revised reading in December. A reading above 50 indicates growth in the sector.
Economists had expected the services PMI to edge down to 53.5 from the 54.4 originally reported for the previous month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.