FOREX TradingCharts.com

Financial News: U.S. Services Index Unexpectedly Increases In April

U.S. Services Index Unexpectedly Increases In April

05/05/2025 - 10:52:00 (RTTNews)

(RTTNews) - A report released by the Institute for Supply Management on Monday showed an unexpected increase by its reading on U.S. service sector activity in the month of April.

The ISM said its services PMI rose to 51.6 in April from 50.8 in March, with a reading above 50 indicating growth. Economists had expected the index to edge down to 50.6.

The unexpected uptick by the headline index partly reflected faster growth by new orders, as the new orders index climbed to 52.3 in April from 50.4 in March.

The employment index also jumped to 49.0 in April from 46.2 in March, although a reading below 50 still indicates contraction.

Meanwhile, the ISM said the business activity index slid to 53.7 in April from 55.9 in March but remained in expansion territory for the 59th consecutive month.

The report also said the prices index surged to 65.1 in April from 60.9 in March, reaching its highest reading since hitting 65.8 in January 2023.

"Regarding tariffs, respondents cited actual pricing impacts as concerns, more so than uncertainty and future pressures," said Steve Miller, Chair of the ISM Services Business Survey Committee.

He added, "Respondents continue to mention federal agency budget cuts as a drag on business, but overall, results are improving."

Last Thursday, the ISM released a separate report showing a slight decrease by its reading on U.S. manufacturing activity in the month of April.

The ISM said its manufacturing PMI edged down to 48.7 in April after slipping to 49.0 in March, with a reading below 50 indicating contraction. Economists had expected the index to dip to 48.0.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Slovakia GDP Growth Eases As Estimated (09 min(s), 02 sec(s) ago)
(RTTNews) - Slovakia's economic growth moderated as initally estimated in the first quarter of ...Full Story»

Czech Industrial Output Grows Most In Over 2 Years, Trade Surplus Grows Sharply (24 min(s), 02 sec(s) ago)
(RTTNews) - The Czech Republic's industrial production expanded at the fastest pace in just ov ...Full Story»

U.S. Job Growth Slightly Exceeds Estimates In May (37 min(s), 02 sec(s) ago)
(RTTNews) - Employment in the U.S. increased by slightly more than expected in the month of May, a ...Full Story»

Austrian GDP Recovers Slightly Less Than Estimated (32 min(s), 02 sec(s) ago)
(RTTNews) - Austria's economy logged a slight recovery in the first quarter, though at a slo ...Full Story»

U.S. Employment Jumps Slightly More Than Expected In May (29 min(s), 02 sec(s) ago)
(RTTNews) - Employment in the U.S. increased by slightly more than expected in the month of May, a ...Full Story»

France Industrial Output Falls 1.4% (22 min(s), 02 sec(s) ago)
(RTTNews) - France's industrial production declined for the first time in three months in Apri ...Full Story»

French Trade Gap Widens In April (18 min(s), 02 sec(s) ago)
(RTTNews) - France's trade deficit increased in April as exports fell faster than imports, dat ...Full Story»

Russia Central Bank Cuts Rate By 100 Bps (39 min(s), 02 sec(s) ago)
(RTTNews) - Russia's central bank slashed its benchmark rate unexpectedly by 100 basis points ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Slovakia GDP Growth Eases As Estimated

06/06/2025 - 11:17 AM (RTTNews)
(RTTNews) - Slovakia's economic growth moderated as initally estimated in the first quarter of ...Full Story>>

Czech Industrial Output Grows Most In Over 2 Years, Trade Surplus Grows Sharply

06/06/2025 - 10:32 AM (RTTNews)
(RTTNews) - The Czech Republic's industrial production expanded at the fastest pace in just ov ...Full Story>>

U.S. Job Growth Slightly Exceeds Estimates In May

06/06/2025 - 09:45 AM (RTTNews)
(RTTNews) - Employment in the U.S. increased by slightly more than expected in the month of May, a ...Full Story>>

Austrian GDP Recovers Slightly Less Than Estimated

06/06/2025 - 09:40 AM (RTTNews)
(RTTNews) - Austria's economy logged a slight recovery in the first quarter, though at a slo ...Full Story>>

U.S. Employment Jumps Slightly More Than Expected In May

06/06/2025 - 08:37 AM (RTTNews)
(RTTNews) - Employment in the U.S. increased by slightly more than expected in the month of May, a ...Full Story>>

Do not sell my personal information

Copyright © 2025. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.