The U.S. Non-Manufacturing Sector’s Activity in Deep Freeze in April

<p>The Institute for Supply Management’s (ISM) Non-Manufacturing Index dropped by a 10.7 points to 41.8 in April, falling deep into contractionary territory. The headline number was slightly better than consensus expectations, which called for the index to fall to 38.8. Three out of four main subcomponents slumped deeply in the month. Business activity subcomponent dropped […]</p>
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