US service sector improves in May
Economies.com
2020-06-03 14:26PM UTC
The Institute for Supply Management (ISM) revealed that the US non-manufacturing activity index started to improve after many companies start resuming business after closing for months due to the coronavirus.
However, the US economy reopening measures are still slow, which hints that the US economy is moving toward a deep recession.
The ISM non-manufacturing PMI rose to 45.4 points in May vs. 41.8 points in April.
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