PhotoThe services sector of the economy expanded for the 75th consecutive month in April.

The Institute for Supply Management says its Non-Manufacturing Index (NMI), which is used to track the sector, registered 55.7% -- an increase of 1.2% from March. A reading above 50% indicates expansion; below 50% suggests contraction.

Within the NMI, the New Orders Index rose 3.2% to 59.9%, the Employment Index was up 2.7% to 53% and the Prices Index jumped 4.3% to 53.4%, the first increase in three months.

Industry performance

The 13 non-manufacturing industries reporting growth in April were:

  1. Information;
  2. Management of Companies & Support Services;
  3. Accommodation & Food Services;
  4. Wholesale Trade;
  5. Health Care & Social Assistance;
  6. Utilities;
  7. Finance & Insurance;
  8. Real Estate, Rental & Leasing;
  9. Construction;
  10. Agriculture, Forestry, Fishing & Hunting;
  11. Public Administration;
  12. Professional, Scientific & Technical Services; and
  13. Retail Trade.

The four industries reporting contraction in April were:

  1. Other Services;
  2. Mining;
  3. Transportation & Warehousing; and
  4. Educational Services.

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