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US ISM Services PMI drops to 49.4 in April vs. 52.0 expected

US ISM Services PMI drops to 49.4 in April vs. 52.0 expected
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Services PMI® at 49.4%; April 2024 Services ISM® Report On Business®

/PRNewswire/ Economic activity in the services sector contracted in April for the first time since December 2022, ending a period of 15 consecutive months.

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U.S. Service Sector Activity Contracts For First Time Since December 2022

After growing for fifteen consecutive months, U.S. service sector activity unexpectedly contracted in the month of April, according to a report released by the Institute for Supply Management on Friday.

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U.S. Services Activity Contracted for First Time in 15 Months — ISM

U.S. Services Activity Contracted for First Time in 15 Months — ISM
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Trump Issues Dire Warning on Economy After 'Horrible' Jobs Report

Trump Issues Dire Warning on Economy After 'Horrible' Jobs Report
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