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15:00 - Dados States
10:02 AM ET, May 03, 2007 - 9 minutes ago
U.S. April ISM services index 56.0% vs. 53.3% expected
U.S. April ISM prices paid 63.5% vs. 63.3%
U.S. April ISM new orders 55.5% vs. 53.8%
ECONOMIC REPORT: ISM services index shows robust growth
By Rex Nutting, MarketWatch Last Update: 10:10 AM ET May 3, 2007
WASHINGTON (MarketWatch) -- Businesses in the nonmanufacturing sectors of the economy were growing at a robust pace in April, according to the Institute for Supply Management.
The ISM nonmanufacturing index rose to 56% in April from 52.4% in March, the ISM said Thursday.
Economists surveyed by MarketWatch were expecting the index to rise to 53.3%.
Readings over 50% in the diffusion index mean more firms were growing than were shrinking. The index has been above 50% for 49 straight months.
Thirteen of 18 industries were expanding in April, ISM said. Two industries were shrinking.
The new orders index rose to 55.5% in April from 53.8% in March. The employment index rose to 51.9% in April from 50.8% in March.
The prices-paid index rose to 63.5% in April from 63.3% in March. Firms said they were concerned about fuel and energy costs.
Three commodities were in short supply: Construction services, purchasing professionals, and tires.
Inventories were growing.
On Tuesday, the ISM said its manufacturing index rose to a one-year high of 55.7% in April from 50.9%.
U.S. April ISM services index 56.0% vs. 53.3% expected
U.S. April ISM prices paid 63.5% vs. 63.3%
U.S. April ISM new orders 55.5% vs. 53.8%
ECONOMIC REPORT: ISM services index shows robust growth
By Rex Nutting, MarketWatch Last Update: 10:10 AM ET May 3, 2007
WASHINGTON (MarketWatch) -- Businesses in the nonmanufacturing sectors of the economy were growing at a robust pace in April, according to the Institute for Supply Management.
The ISM nonmanufacturing index rose to 56% in April from 52.4% in March, the ISM said Thursday.
Economists surveyed by MarketWatch were expecting the index to rise to 53.3%.
Readings over 50% in the diffusion index mean more firms were growing than were shrinking. The index has been above 50% for 49 straight months.
Thirteen of 18 industries were expanding in April, ISM said. Two industries were shrinking.
The new orders index rose to 55.5% in April from 53.8% in March. The employment index rose to 51.9% in April from 50.8% in March.
The prices-paid index rose to 63.5% in April from 63.3% in March. Firms said they were concerned about fuel and energy costs.
Three commodities were in short supply: Construction services, purchasing professionals, and tires.
Inventories were growing.
On Tuesday, the ISM said its manufacturing index rose to a one-year high of 55.7% in April from 50.9%.
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