US service sector growth slows

NEW YORK, May 3 Reuters) – The growth of the U.S. services sector slowed more than expected in April, Thursday’s  results show  monthly survey from the Institute for Supply Management (ISM) purchasing managers from.

The ISM index sector returned 53.5, against 56.0 in March. Analysts polled by Reuters had expected a figure of 55.5.

Component of the activity fell 54.6 against 58.9 in March, while the market awaited declined to 56.9 less marked.

The new orders index fell from 58.8 to 53.5. That of employment income is at 54.2 in April, the lowest since December, against 56.7 in March.

Forecasters surveyed by Dow Jones Newswires had expected last month’s PMI to fall only to 55.5. Readings above 50 indicate activity is expanding. The non-manufacturing index has been in expansion territory for more than two years.


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