International Economic

US services activity softens in April, ISM says

By Alexander Bueso

Date: Friday 03 May 2024

(Sharecast News) - Services activity in the States shrank unexpectedly at the start of spring, marking the first contraction since December 2022.
The Institute for Supply Management's services sector Purchasing Managers' Index dipped from a reading of 51.4 for March to 49.4 in April.

Economists had forecast an improvement to...

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