Updated: 05-May-25 10:22 ET
| April ISM Non-Manufacturing Index |
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| Updated: 05-May-25 10:22 ET |
Highlights
- The ISM Services PMI increased to 51.6% in April (Briefing.com consensus 50.2%) from 50.8% in March. The dividing line between expansion and contraction is 50.0%, so the April reading reflects services sector activity expanding at a faster pace than what was seen in the prior month.
- April marked the 56th time in 59 months that the Services PMI indicated expansion.
Key Factors
- The Business Activity/Production Index dropped to 53.7% from 55.9%.
- The New Orders Index increased to 52.3% from 50.4%.
- The Employment Index increased to 49.0% from 46.2%.
- The Prices Index increased to 65.1% from 60.9%, the highest since January 2023.
- The Supplier Deliveries Index increased to 51.3% from 50.6%.
- The Backlog of Orders Index edged up to 48.0% from 47.4%.
Big Picture
- The key takeaway from the report is that growth in the services sector accelerated in April, yet that good news was tempered by the understanding that the prices paid index conveyed inflation picking up as well with its highest reading since January 2023.
| Category | APR | MAR | FEB | JAN | DEC |
| Non-Manufacturing ISM index | 51.6 | 50.8 | 53.5 | 52.8 | 54.0 |
| Business Activity | 53.7 | 55.9 | 54.4 | 54.5 | 58.0 |
| New Orders | 52.3 | 50.4 | 52.2 | 51.3 | 54.4 |
| Employment | 49.0 | 46.2 | 53.9 | 52.3 | 51.3 |
| Deliveries (nsa) | 51.3 | 50.6 | 53.4 | 53.0 | 52.5 |
| Inventories (nsa) | 53.4 | 50.3 | 50.6 | 47.5 | 49.4 |
| Exports (nsa) | 48.6 | 45.8 | 52.1 | 52.0 | 50.1 |
| Imports (nsa) | 44.3 | 52.6 | 49.6 | 49.8 | 50.7 |
| Prices Paid | 65.1 | 60.9 | 62.6 | 60.4 | 64.4 |