A report released by the Institute for Supply Management on Thursday showed a continued slowdown in the pace of growth in U.S. service sector activity in the month of January.
The ISM said its services PMI dipped to 59.9 in January after slumping to 62.3 in December, although a reading above 50 still indicates growth. Economists had expected the index to drop to 59.5.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.