
May 8, 2017 Weekly Economic Update
The Institute for Supply Management’s April purchasing manager index dipped to 54.8 from 57.2; ISM’s non-manufacturing PMI rose 2.3 points to 57.5.
The Institute for Supply Management’s April purchasing manager index dipped to 54.8 from 57.2; ISM’s non-manufacturing PMI rose 2.3 points to 57.5.
The Conference Board’s index declined to 120.6; the University of Michigan’s household sentiment index ended the month at 97.0.
Upbeat earnings news and talk of corporate tax cuts also aided the S&P 500 – that index rose 0.91% for April, capping things off with a 1.51% weekly gain.