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/PRNewswire/ -- Economic activity in the services sector expanded in May for the fifth consecutive month as the Services PMI® registered 50.3 percent, say the...
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/PRNewswire/ -- Economic activity in the manufacturing sector contracted in May for the seventh consecutive month following a 28-month period of growth, say...
/PRNewswire/ -- Economic activity in the services sector expanded in April for the fourth consecutive month as the Services PMI® registered 51.9 percent, say...
The report’s key metric, the PMI, came at 47.1 (a reading of 50 or higher indicates growth), marking a slight 0.8% gain over March’s 46.3, while contracting, at a slower rate, for the sixth consecutive month. The past six months of contraction, through April, were preceded by a stretch of 29 consecutive months of growth. ISM also said that the overall economy contracted, at a slower rate, in April, for the sixth consecutive month, which was preceded by 30 consecutive months of growth.