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A survey by the US Institute for Supply Management. USA (ISM) found that the US service sector index. USA It contracted for the first time in more than a decade, under pressure from disruption of business activity. While the government issued a blocking measure to prevent the outbreak of the Covid-19 virus. What affects employment AND new orders
The US Service Sector Index USA It fell to 41.8 in April from 52.5 in March, but was higher than analysts had forecast at 40.0.
The US Service Sector Index USA It fell below 50 in April, indicating a contraction in the service sector. After expanding for 122 consecutive months
The US Service Sector Index USA It contracted for the first time since December 2009. And it is the worst contraction since March 2009. At that time the index reached level 40
The ISM service sector index consists of 17 industries, including real estate, transportation, construction, and mining.
