Washington, United States, May 5, 2026 (AFP) - US services activity cools as cost pressures remain: survey

NAMPA / AFP

2026-05-05

Activity in the US services sector cooled in April, survey data showed Tuesday, as steeper energy costs from war in the Middle East filter through the global economy. The Institute for Supply Management's (ISM) services index came in at 53.6 percent last month, down 0.4 percentage points from March's figure. While business activity ticked up, the new orders index pulled back from the prior month's reading. Meanwhile, the employment index contract......

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