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

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.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.