🇺🇸*U.S. APR. ISM NON-MANUFACTURING PMI 62.7, EST. 64.3

• Business Activity Index at 62.7%

• New Orders Index at 63.2%

• Employment Index at 58.8%

• Supplier Deliveries Index at 66.1%

ISM:

A Services PMI® above 49.2 percent, over time, generally indicates an expansion of the overall economy. Therefore, the April Services PMI® indicates expansion for a 11th straight month following two months of contraction and a preceding period of 127 months of growth.

“The past relationship between the Services PMI® and the overall economy indicates that the Services PMI® for April (62.7 percent) corresponds to a 4.7-percent increase in real gross domestic product (GDP) on an annualized basis.”