ISM Non-Manufacturing Business Activity For May 61.2; 50.9 Prior
Portfolio Pulse from Benzinga Newsdesk
The ISM Non-Manufacturing Business Activity Index for May increased to 61.2 from 50.9 in the previous month, indicating a significant expansion in the services sector.
June 05, 2024 | 2:02 pm
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The ISM Non-Manufacturing Business Activity Index for May increased to 61.2 from 50.9 in April, indicating strong growth in the services sector. This positive economic indicator is likely to boost investor confidence in the broader market, potentially benefiting SPY.
The significant increase in the ISM Non-Manufacturing Business Activity Index suggests robust growth in the services sector, which is a positive economic indicator. This is likely to boost investor confidence in the broader market, benefiting SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80