ISM non-manufacturing number came in higher than expected at 57.3. That’s a 12-month high, up from 56.8 in January, and it maintained the upward trend established since last September. Business activities, new orders and price indices maintained above 50 for 31 consecutive months. Employment, export and import indices were still within the expansionary territory, although they were slightly lower than their readings a month ago. Major equity indices fell today however, due to concerns on slowing growth in areas outside of the United States. Precious metals also fell across the board with silver and platinum leading the way.
