US service industry creeps toward growth as lockdowns ease, ISM report shows - Business Insider

The biggest part of the US economy is slowly inching its way back to growth after plummeting amid coronavirus lockdowns.Wednesday its non-manufacturing index climbed to 45.4 in May from 41.8. The organization's new orders index jumped 9 percentage points to 41.9, and its index for business activity gained 15 percentage points to 41.

Of the 28 services sectors tracked by ISM, 14 reported a decrease in May, including the educational services, wholesale trade, and utilities sectors. The four reporting growth through the month were agriculture and forestry, finance and insurance, public administration, and information.

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