ISM non-manufacturing index highlights:

  • Prior was 60.3
  • Business activity 63.9 vs 64.9 prior
  • Prices paid 50.8 vs 53.7 prior (lowest since April)
  • New orders 63.4 vs 63.8 prior
  • Employment 56.0 vs 59.6 prior

This chart is probably the best argument there is for the Fed hiking rates.