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Non-manufacturing growth remains solid in April, reports ISM

With a less than one percent decline from March, April non-manufacturing activity was close to flat, according, to the Non-Manufacturing Report on Business, which was issued today by the Institute for Supply Management (ISM). The index ISM uses to measure non-manufacturing growth—known as the NMI– fell 0.6% to 55.5 in April (a reading of 50 or higher indicates growth is occurring), following a 3.6% decline from February to March.
Source: logistics Mgmt

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