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Saturday, May 30, 2020 2:47:08 PM EDT

Ism Services Updated 05-May-20 10:31AM ET

The ISM Non-Manufacturing Index for April dropped to 41.8% ( consensus 38.5%) from 52.5% in March. A number below 50.0% is indicative of contraction.

The April reading was the lowest reading for the index since March 2009.

The New Orders Index slumped to 32.9% from 52.9%. It was the first contraction in orders after 128 consecutive months of expansion.

The Employment Index dropped to 30.0% from 47.0%. All 18 industries reported decreased employment.

The Inventories Index rose to 46.9% from 41.5%.

The Backlog of Orders Index declined to 47.7% from 55.0%. That is the largest one-month drop since September 2007.

The Prices Index jumped to 55.1% from 50.0%.

Non-Manufacturing ISM index41.852.557.355.554.9
Business Activity26.048.057.860.957.0
New Orders32.952.963.156.255.3
Deliveries (nsa)78.362.152.451.752.5
Inventories (nsa)46.941.553.946.551.0
Exports (nsa)36.345.955.650.151.0
Imports (nsa)49.340.252.655.148.0
Prices Paid55.150.050.855.559.3