US ISM Services PMI (Apr) 53.6 vs. Exp. 53.8 (Prev. 54.0, Low. 53, High. 55.2)
- “There are other signs of economic strength. Exports and imports activity have expanded for two months in a row for the first time since September and October 2024. The predominant commentary this month was about impacts and adjustments due to the conflict with Iran and the expected flow through of higher oil prices at some point."
Context
The US ISM Services PMI for April came in at 53.6, slightly below expectations of 53.8 and down from the previous month’s reading of 54.0. While this is a modest miss, the overall commentary regarding economic strength—particularly in trade activity—suggests resilience, although geopolitical factors like the conflict with Iran and potential higher oil prices could weigh on future performance.
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