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.

Bangladesh confirms 1st coronavirus death in Rohingya refugee camps

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Maps showing racial and economic segregation in US cities - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »