The Housing Chronicles Blog: Service sector index dipped 0.6 percent in May, but new job growth still strong

Monday, June 5, 2017

Service sector index dipped 0.6 percent in May, but new job growth still strong

The NMI® registered 56.9 percent, which is 0.6 percentage point lower than the April reading of 57.5 percent. Although the non-manufacturing sector's growth rate dipped in May, the sector continues to reflect strength, buoyed by the strong rate of growth in the Employment Index.


No comments: