ISM services shows slower new orders, activity eases

Thursday, December 04, 2025 at 15:00 UTC+01:00 (+0100), United States, N/A

News category : Macroeconomic Events

The Institute for Supply Management's services survey for November posted a result that showed the sector still in modest expansion yet with weaker internal components, notably new orders and employment. Respondents cited slower customer demand and cautious hiring intentions in several service subsectors. Markets viewed the print as reinforcing a mixed macro environment in which services are more resilient than manufacturing but still showing signs of cooling. The release fed into a broader market reassessment of Fed timing: softer activity lowers near-term inflation risk but also raises the chance that policymakers will be cautious about immediate easing until labor and prices align.

Overall market impact

Mild bearish market impact - strength score : 72/100

Detailed breakdown of market impact over instruments, sectors, and asset classes

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Impacted instruments :

US services sector equities

Interest-rate futures

USD FX pairs

Business services stocks

Corporate credit

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