Brocker.Org: US: Economic activity in the non-manufacturing sector grew in April for the 88th consecutive month – ISM

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Economic activity in the non-manufacturing sector grew in April for the 88th consecutive month, said purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business.

Key quotes:

  • The NMI registered 57.5 percent, which is 2.3 percentage points higher than the March reading of 55.2 percent. This represents continued growth in the non-manufacturing sector at a faster rate
  • The New Orders Index registered 63.2 percent, 4.3 percentage points higher than the reading of 58.9 percent in March.
  • The Employment Index decreased 0.2 percentage point in April to 51.4 percent from the March reading of 51.6 percent.
  • The Prices Index increased 4.1 percentage points from the March reading of 53.5 percent to 57.6 percent, indicating prices increased for the 13th consecutive month, at a faster rate in April.

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