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Steve Hou: ISM services prices paid index does not reflect actual services inflation

Steve Hou: ISM services prices paid index does not reflect actual services inflation
ISM index misses true services inflation

Steve Hou points out that the ISM survey of service-industry purchasing managers, as well as the ISM Services Prices Paid index, do not accurately capture services inflation.

He highlights that these measures are highly correlated with goods inflation rather than reflecting true trends in services prices.

Hou has recently commented on specific equity performance, noting gains for HOOD and TER while KTOS shares fell in the market here. He has also raised doubts over a claimed $500 million Claude token burn by a Fortune 500 company, requesting clarification from AnthropicAI here. These observations add context to his ongoing analysis of sector data quality and market events.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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