ISM: Services Sector Grows in May
The Institute for Supply Management said its Non-Manufacturing Index registered 53.7% in May, higher than the 53.1% registered in April, indicating continued growth at a slightly faster rate in services sector.
The Institute for Supply Management said its Non-Manufacturing Index registered 53.7% in May, higher than the 53.1% registered in April, indicating continued growth at a slightly faster rate in services sector.
Economic activity in the manufacturing sector contracted in May for the first time since November 2012, according to the latest Manufacturing ISM Report On Business.
The Institute for Supply Management said its Non-Manufacturing Index in February was 0.8 percentage point higher than in January. This month’s reading reflects the highest NMI since February 2012.
The Institute for Supply Management said its Non-Manufacturing Index registered 55.2% in January, 0.5 percentage point lower than the seasonally adjusted 55.7% registered in December.
The Institute for Supply Management said its Non-Manufacturing Index registered 56.1% in December, 1.4 percentage points higher than the 54.7% registered in November. This indicates continued growth at a slightly faster rate in the non-manufacturing sector.