US Service-Sector Activity Rises

06 June 2003

America’s service-sector activity surprised economists with a greater-than-expected improvement in May, a new report shows.

The Institute for Supply Management’s index of non-manufacturing activity jumped from 50.7 in April to 54.5, providing some relief for the US economy after a string of weak reports.

However, growth was not enough to kick-start the sector’s job market, as the measure of services employment posted only marginal improvement.

Data sourced from: USA Today; additional content by WARC staff