ISM services above 50.0%

Source: Dukascopy Bank SA
The U.S. services sector expanded for the 10th consecutive month in April, with the Services PMI® rising to 51.6%, up from 50.8% in March. The New Orders Index increased to 52.3%, indicating stronger demand, while the Business Activity Index dipped to 53.7% but remained in growth territory. The Employment Index stayed in contraction at 49%, though it improved from 46.2% in March. The Supplier Deliveries Index rose to 51.3%, reflecting slower deliveries due to increased demand.

Price pressures intensified as the Prices Index jumped to 65.1%, marking the fifth straight month above 60%. The Inventories Index climbed to 53.4%, showing better stock levels, while the Backlog of Orders Index remained in contraction at 48%, a slight improvement from the previous month.



Tariff-related pricing impacts are now a direct concern for businesses, and federal agency budget cuts continue to pose challenges. Despite these headwinds, overall sentiment in the services sector remains positive, supported by gradual improvements across most key indicators.
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