US Services Sector Growth Tops Forecasts


The ISM non-manufacturing PMI index increased to 57.8 percent in April from 56.5 percent in March, the highest in five months, boosted by a surge in business activity.

The Non-Manufacturing Business Activity Index increased substantially to 61.6 percent, which is 4.1 percentage points higher than the March reading of 57.5 percent, reflecting growth for the 69th consecutive month at a faster rate. 

The New Orders Index registered 59.2 percent, 1.4 percentage points higher than the reading of 57.8 percent registered in March. 

The Employment Index increased 0.1 percentage point to 56.7 percent from the March reading of 56.6 percent and indicates growth for the 14th consecutive month. 

The Prices Index decreased 2.3 percentage points from the March reading of 52.4 percent to 50.1 percent, indicating prices increased in April for the second consecutive month, but at a slower rate. 

14 non-manufacturing industries reported growth in April. The majority of respondents indicate that there has been an uptick in business activity due to the improved economic climate and prevailing stability in business conditions.

US Services Sector Growth Tops Forecasts


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
5/5/2015 3:09:25 PM