US Services Sector Growth Beats Expectations In April: ISM


The ISM Non-Manufacturing PMI index for the United States went up to 57.5 in April of 2017 from 55.2 in March, beating market expectations of 55.8. Business activity increased and new orders reached the highest since August of 2005 as non-manufacturers were mostly positive about business conditions and the overall economy.

Rises were seen in business activity (+2.3 to 62.4), new orders (+4.3 to 63.2), supplier deliveries (+1.5 to 53), inventories (+4 to 52.5), backlog of orders (+0.5 to 53.5) and new export orders (+3 to 65.5). In contrast, employment edged down (-0.2 to 51.4) and price pressures increased (+4.1 to 57.6).

The 16 non-manufacturing industries reporting growth in April — listed in order — are: Wholesale Trade; Utilities; Arts, Entertainment & Recreation; Mining; Retail Trade; Construction; Professional, Scientific & Technical Services; Information; Management of Companies & Support Services; Public Administration; Health Care & Social Assistance; Real Estate, Rental & Leasing; Other Services; Finance & Insurance; Accommodation & Food Services; and Transportation & Warehousing. The only industry reporting contraction in April is Agriculture, Forestry, Fishing & Hunting.

US Services Sector Growth Beats Expectations In April: ISM


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
5/3/2017 2:16:09 PM