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US Services PMI at 49.4%; April 2024 Services ISM Report On Business
Economic activity in the services sector contracted in April for the first time since December 2022, ending a period of 15 consecutive months of growth, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The Services PMI® registered 49.4 percent; it indicated sector expansion in 45 of the previous 47 months. The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: "In April, the Services PMI® registered 49.4 percent, 2 percentage points lower than ... (full story)
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US ISM Services Index Apr: 49.4 (est 52.0; prev 51.4)
— LiveSquawk (@LiveSquawk) May 3, 2024
- Prices Paid: 59.2 (est 55.0; prev 53.4)
- Employment: 49.5 (est 49.0; prev 48.5)
- New Orders: 52.2 (est 54.5; prev 54.4)
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