Posted on 05/05/2025 11:16:20 AM PDT by ChicagoConservative27
The U.S. services sector picked up speed in April, according to the Institute for Supply Management, with growth broadening across key components of the economy’s largest segment.
The Services PMI rose to 51.6 percent last month, up from 50.8 percent in March and beating expectations for a modest dip. The increase marks a reversal from the prior month’s slowdown and suggests the sector may be reaccelerating heading into the second quarter.
Three of the four major subindexes that feed directly into the headline PMI improved in April, with increases in new orders, supplier deliveries, and employment. Only the business activity index edged slightly lower, though it remained well in expansion territory at 57.2 percent.
“April’s change in indexes was a reversal of March’s direction,” said Anthony Nieves, Chair of the ISM Services Business Survey Committee. “Employment continues to be the only one of these subindexes in contraction territory, with two straight months of contraction. From December through February, all four subindexes were in expansion. Overall, results are improving.”
(Excerpt) Read more at breitbart.com ...
Legacy media going oopsie
What’s that awful sound? Oh, it’s the gnashing and grinding of teeth by the liberals.
The liberals must be beside themselves. They went on a spending strike and things still went well. Sorry not sorry
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