Business activity in the US services sector accelerated in December, according to the survey-based ISM Services Index. The index rose to 54.1, rising further above the neutral 50 mark, indicating a solid pace of expansion. A possible warning sign for inflation in the report is the prices index for services, which also rose, jumping to the highest level Feb. 2023. “There was general optimism expressed across many industries, but tariff concerns elicited the most panelist comments,” says Steve Miller, chair of ISM’s Business Survey Committee.
