ISM Services PMI shows US services sector expands for 22nd month

8 articles · Updated · PR Newswire · May 5

April's index was 53.6%, down 0.4 points from March; business activity rose to 55.9%, while employment stayed in contraction at 48.0%.
New orders fell 7.1 points to 53.5%, supplier deliveries slowed to 56.8%, and prices held at 70.7%, with fuel and oil costs cited as key pressures.
Fourteen industries reported growth and three contracted, while export orders and imports expanded for a third month, indicating resilience despite geopolitical and supply-chain strains.

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