The ISM Services PMI rose to 51.6 in April from 50.8 in March, signaling continued expansion in the services sector for the 10th consecutive month.

• New Orders rose 1.9 pts to 52.3, while Employment improved 2.8 pts to 49.0 but remained in contraction territory.
• Business Activity fell -2.2 pts to 53.7, though still in expansion for the 59th straight month.
• The Prices Index jumped 4.2 pts to 65.1, its highest since Jan 2023, reflecting broad cost pressures across industries.
• Supplier Deliveries edged up 0.7 pts to 51.3, indicating slightly slower delivery times.
• The Backlog of Orders Index remained in contraction at 48.0, and Imports dropped sharply to 44.3, down -8.3 pts.