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- ISM non-manufacturing purchasing managers’ index slides to 52.9 in May
ISM non-manufacturing purchasing managers’ index slides to 52.9 in May
The Institute for Supply Management released its non-manufacturing purchasing managers' index for the U.S. on Friday. The index slid to 52.9 in May from 55.7 in April, missing expectations for a decrease to 55.5.
A reading above 50 indicates a growth in the service sector.
The ISM's new orders index dropped to 54.2 in May from 59.9 in April.
The business activity/production index decreased to 55.1 in May from 58.8 in April.
The ISM's employment index was down to 49.7 in May from 53.0 in April.
The prices index jumped to 55.6 in May from 53.4 in April.
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