The April NMI® registered 56.8 percent, which is 2 percentage points lower than the March reading of 58.8 percent. There was a slowing in the rate of growth that was mostly attributed to the decline in the Employment and Supplier Deliveries indexes. The respondents have expressed concern regarding the uncertainty about tariffs and the effect on the cost of goods.
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Thursday, May 3, 2018
April service sector economy index dips 2.0 points due to concerns about tariffs and inflation
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