Services Sector Growth 'Leveled Off' in May, ISM Survey Finds
The ISM services index fell significantly short of expectations for May. | Economy
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The ISM services index fell significantly short of expectations for May. | Economy
Article - U.S. Economic Growth to Continue Through 2023 - The U.S. economy will continue to softly expand for the rest of 2023, say the nation's purchasing and supply executives in the Spring 2023 Semiannual Economic Forecast.
/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 Services PMI—at 51.9 (a reading of 50 or higher signals growth)—increased 0.7% over March’s 51.2, growing, at a faster rate, for the fourth consecutive month. ISM said that the services sector has seen growth in 34 of the last 35 months, with December 2022 being the one month with a decline.
/PRNewswire/ -- Economic activity in the services sector expanded in March for the third consecutive month as the Services PMI® registered 51.2 percent, say...