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By Rex Nutting Last Update: 10:08 AM ET Jun 5, 2007
WASHINGTON (MarketWatch) -- The nonmanufacturing side of the U.S. economy grew at a robust pace in May, the Institute for Supply Management reported Tuesday.
The ISM nonmanufacturing index rose to 59.7% from 56% in April.
It's the highest since April 2006. Economists surveyed by MarketWatch were looking for a pullback to about 55%. Readings over 50% in the diffusion index indicate that more firms were growing than contracting.
The index has been above 50% for 50 consecutive months.
Twelve of 15 industries were expanding in May.
WASHINGTON (MarketWatch) -- The nonmanufacturing side of the U.S. economy grew at a robust pace in May, the Institute for Supply Management reported Tuesday.
The ISM nonmanufacturing index rose to 59.7% from 56% in April.
It's the highest since April 2006. Economists surveyed by MarketWatch were looking for a pullback to about 55%. Readings over 50% in the diffusion index indicate that more firms were growing than contracting.
The index has been above 50% for 50 consecutive months.
Twelve of 15 industries were expanding in May.
- Mensagens: 1620
- Registado: 17/11/2005 1:02
15:00 - Dados States
10:01 AM ET, Jun 05, 2007
U.S. May ISM services 59.7% vs. 55.0% expected
U.S. May ISM new orders 57.4% vs. 55.5%
U.S. May ISM prices paid 66.4% vs. 63.5%
U.S. May ISM services 59.7% vs. 55.0% expected
U.S. May ISM new orders 57.4% vs. 55.5%
U.S. May ISM prices paid 66.4% vs. 63.5%
- Mensagens: 1620
- Registado: 17/11/2005 1:02
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