Updated: 05-May-26 10:44 ET

April ISM Non-Manufacturing Index

Updated: 05-May-26 10:44 ET

Highlights

• The ISM Services PMI dipped to 53.6% in April (Briefing.com consensus: 53.9%) from 54.0% in March.
• The dividing line between expansion and contraction is 50.0%, so the April reading reflects services sector activity growing at a slightly slower pace than the prior month.

Key Factors

• The Business Activity/Production Index increased to 55.9% from 53.9%.
• The New Orders Index fell to 53.5% from 60.6%.
• The Employment Index rose to 48.0% from 45.2%.
• The Prices Index held steady at 70.7%, marking the seventeenth consecutive month above 60.0%.
• The Supplier Deliveries Index jumped to 56.8% from 56.2%.
• The Backlog of Orders Index dipped to 53.0% from 53.6%.

Big Picture

• The key takeaway from the report is that there was no real change in the key trends for the services sector, which include a modest expansion, contracting employment, and increasing prices.

Category	APR	MAR	FEB	JAN	DEC
Non-Manufacturing ISM index	53.6	54.0	56.1	53.8	53.8
Business Activity	55.9	53.9	59.9	57.4	55.2
New Orders	53.5	60.6	58.6	53.1	56.5
Employment	48.0	45.2	51.8	50.3	51.7
Deliveries (nsa)	56.8	56.2	53.9	54.2	51.8
Inventories (nsa)	53.1	54.8	56.4	45.1	54.2
Exports (nsa)	52.1	50.7	57.2	45.0	54.2
Imports (nsa)	54.7	55.2	51.8	48.2	50.3
Prices Paid	70.7	70.7	63.0	66.6	65.1