Services Sector Activity Strongly Expands In May: ‘Notable Higher Business Activity, Faster New Orders Growth’ Piero Cingari Macro Economic Events

The sentiment in the U.S. service sector sharply expanded in May, far more than expected and reversing the decline that began in April.

What Happened: After 15 straight months of expansion, business morale gauging the services sector activity temporarily entered into contraction in April, but returned to a strong growth pace May, according to Wednesday data from the Institute for Supply Management (ISM).

May ISM Services PMI Report: Key Highlights

The overall ISM Services PMI rose to 53.8%, marking a 4.4-percentage-points surge from April’s 51.4% and beating the expected 50.8%, according to Econoday.
The subindex for Business Activity rose to 61.2% in May, marking a significant increase of 10.3 percentage points from April’s 50.9%.
The subindex for New Orders continued to expand for the 17th consecutive month, rising from 52.2% in April …

Full story available on Benzinga.com

The sentiment in the U.S. service sector sharply expanded in May, far more than expected and reversing the decline that began in April.

What Happened: After 15 straight months of expansion, business morale gauging the services sector activity temporarily entered into contraction in April, but returned to a strong growth pace May, according to Wednesday data from the Institute for Supply Management (ISM).

May ISM Services PMI Report: Key Highlights

The overall ISM Services PMI rose to 53.8%, marking a 4.4-percentage-points surge from April’s 51.4% and beating the expected 50.8%, according to Econoday.
The subindex for Business Activity rose to 61.2% in May, marking a significant increase of 10.3 percentage points from April’s 50.9%.
The subindex for New Orders continued to expand for the 17th consecutive month, rising from 52.2% in April …

Full story available on Benzinga.com

 The sentiment in the U.S. service sector sharply expanded in May, far more than expected and reversing the decline that began in April.
What Happened: After 15 straight months of expansion, business morale gauging the services sector activity temporarily entered into contraction in April, but returned to a strong growth pace May, according to Wednesday data from the Institute for Supply Management (ISM).
May ISM Services PMI Report: Key Highlights

The overall ISM Services PMI rose to 53.8%, marking a 4.4-percentage-points surge from April’s 51.4% and beating the expected 50.8%, according to Econoday.
The subindex for Business Activity rose to 61.2% in May, marking a significant increase of 10.3 percentage points from April’s 50.9%.
The subindex for New Orders continued to expand for the 17th consecutive month, rising from 52.2% in April …Full story available on Benzinga.com   Read MoreDIA, Expert Ideas, GLD, Interest Rates, ISM, ism services, Macro Economic Events, QQQ, Sector ETFs, Services PMI, SPY, Stories That Matter, TLT, UUP, Bonds, Broad U.S. Equity ETFs, Commodities, Forex, Treasuries, Econ #s, Top Stories, Economics, Federal Reserve, Markets, ETFs, DIA, US78467X1090, GLD, US78463V1070, SPY, US78462F1030, TLT, US4642874329, UUP, US73936D1072, QQQ, US73935A1043, Sector ETFs, Macro Economic Events, Broad U.S. Equity ETFs, Bonds, Commodities, Forex, Treasuries, Econ #s, Top Stories, Economics, Federal Reserve, Markets, ETFs, Benzinga Macro Economic Events