Business activity in the US service sector unexpectedly fell in April


In April, a slowdown in business activity was recorded in the US services sector. According to the Institute for Supply Management ISM, processing the data of US companies representing 62 segments of the service sector, the corresponding index was 55.1 points, having decreased from the March value of 56.1 points. The decrease in the index to its lowest level since August 2017 came as a surprise to the experts, since they had expected it to rise to 57 points. The indicator, which determines the status of new orders of service companies, amounted to 58.1 points, dropping from 59 points in March. The employment rate fell to 53.7 points from 55.9 points. At the same time, the indicator characterizing entrepreneurial activity increased last month to 59.5 points from 57.4 points.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong