Grant.........interesting to see the services sector in the US...

Grant.........interesting to see the services sector in the US booming as discussed previously , with the ISM non-manufacturing index rising another 5% or so to around 65. (as compared to a consensus view of a pullback) This type of figure surely has to reduce the odds of the deflationary scenario that is currently so popular.

Ed.

PS This index was created in 1997 and this is the highest reading since its inception.