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ISM Services Economy Shows Slowest Growth This Year
from 24/7WallStreet:
ISM Services Economy Shows Slowest Growth This Year
Posted: May 3, 2012 at 10:36 am
The Institute for Supply Management has released its data for April’s ISN non-Manufacturing sector and the reading is indicative of weaker and slowing growth. The overall NMI came in at 53.5% versus 56.0 in March and under the consensus expectation of 56.0 from Bloomberg. New orders and employment are both the weakest readings seen this year.
* Business Activity Index at 54.6%, down by 4.3 percentage points lower than the 58.9 percent reported in March.
* New Orders Index at 53.5%, a decrease of 5.3 percentage points.
* Employment Index at 54.2%, a decrease of 2.5 percentage points.
* The Prices Index decreased 10.3 percentage points to 53.6 percent, indicating prices increased at a significantly slower rate in April when compared to March.
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* New Orders Index at 53.5%, a decrease of 5.3 percentage points.
* Employment Index at 54.2%, a decrease of 2.5 percentage points.
* The Prices Index decreased 10.3 percentage points to 53.6 percent, indicating prices increased at a significantly slower rate in April when compared to March.
The complete piece is at: http://247wallst.com/2012/05/03/ism-services-economy-shows-slowest-growth-this-year/#ixzz1tp1jcdo2