ISM: Non-Manufacturing Sector Growth Slowed in April

The ISM Non-Manufacturing Index registered 56.8 points in April, 2.0 percentage points below March’s figure. This was the 99th consecutive month of expansion as a reading above 50 indicates growth. All eighteen non-manufacturing industries reported growth in April.

Growth in the Business Activity Index decreased 1.5 points to 59.1, the 105th consecutive month of growth. Fifteen industries reported increased business activity, and none reported decreased activity.

Non-manufacturing employment grew for the 50th consecutive month. The index decreased 3.0 points to 53.6. Ten industries reported increased employment, while one reported decreased employment.

The New Orders Index increased 0.5 point to 60.0. Sixteen industries reported increased business activity, and no industry reported decreased activity.

Supplier deliveries slowed for the 28th consecutive month, as the index registered 54.5 points (readings above 50 for this index indicate slower deliveries). Seven industries reported slower deliveries, while one industry reported faster deliveries.

Read the ISM release.