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[Info.]

U.S. May non-manufacturing index falls to 65.2%

WASHINGTON (CBS.MW) -- Activity in the service sectors of the U.S. declined in May, the Institute for Supply Management reported Thursday.
The ISM non-manufacturing index fell to 65.2 percent from a record 68.4 in April, indicating a slower pace of expansion.
The decline was slightly larger than expected. Economists forecast the index to slip to 66.3 percent.
Readings over 50 percent in the diffusion index indicate expansion in those sectors.
Fifteen of 17 industries grew in May.
New orders fell to 61.3 percent from 65.6 percent.
The employment index rose to 56.3 percent from 54.5 percent.
On Monday, the ISM said employment in the manufacturing sector in May was the strongest since 1973.

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10:00am 06/03/04 U.S. APRIL FACTORY ORDERS DOWN 1.7% V FORECAST DOWN 1.4
10:00am 06/03/04 U.S. MARCH FACTORY ORDERS REVISED UP 5.0% VS 4.3% PRIOR
10:00am 06/03/04 U.S. APRIL DURABLE GOODS DOWN 3.2% VS DOWN 2.9% PRIOR
10:00am 06/03/04 U.S. APRIL FACTORY ORDER DROP IS LARGEST SINCE APR. '03
10:00am 06/03/04 U.S. MAY ISM NONMANUFACTURING INDEX 65.2% VS. 68.4%

U.S. factory orders fall 1.7% in April

WASHINGTON (CBS.MW) -- Orders for new U.S.-made factory goods fell a sharper-than-expected 1.7 percent in April after the prior month's gains were revised upward, the Commerce Department said Thursday.
Economists surveyed by CBS MarketWatch had forecast a 1.4 percent decline in factory orders in April.
Shipments from factories fell 0.5 percent, while inventories rose 0.4 percent in April.
March's factory orders were revised to 5.0 percent gain from the initial estimate of a 4.3 percent gain.
Orders for durable goods in April were revised downward to a 3.2 percent decline from the 2.9 percent drop estimated a week ago.
Orders for nondurable goods were unchanged in the month.