US ISM disappoints on growth, but some signs of pipeline price pressures - ING

"The ISM non-manufacturing index fell more than anticipated, suggesting a slowing in service sector activity, but there is some evidence of a pick-up in inflation pressures within the sector," notes James Knightley, Chief International Economist at ING. Key quotes: "The July reading for the I...
US ISM disappoints on growth, but some signs of pipeline price pressures - ING