ISM non-manufacturing index hits 56.3 in May, versus 55.5 estimate

ISM non-manufacturing index hits 56.3 in May, versus 55.5 estimate: "Growth in the U.S. services sector accelerated in May, rising at the fastest pace in nine months as new orders and business activity jumped, an industry report showed on Wednesday.
The Institute for Supply Management said its services sector index rose to 56.3 in May from 55.2 in April, topping expectations for a read of 55.5.

The report marks the 53rd straight month the index was above 50, the level that separates expansion from contraction, and was the latest sign economic activity is rebounding from the impact of the harsh winter."



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