Market news

Show news:


05.06.2019 22:13

U.S. non-manufacturing sector’s growth unexpectedly accelerates in May - ISM

The Institute for Supply Management (ISM) reported on Wednesday its non-manufacturing index (NMI) came in at 56.9 in May, which was 1.4 percentage points higher than the April reading of 55.5 percent. The May reading pointed to the fastest expansion in the services sector since February.

Economists forecast the index to remain at 55.5 last month. A reading above 50 signals expansion, while a reading below 50 indicates contraction.

16 non-manufacturing industries reported growth last month, the ISM said.

According to the report, the ISM’s non-manufacturing business activity measure rose to 61.2 percent, 1.7 percentage points higher than the April reading of 59.5 percent. That reflected growth for the 118th consecutive month, at a faster rate in May. The new orders gauge increased to 58.6 percent, 0.5 percentage point higher than the reading of 58.1 percent in April. The employment indicator surged 4.4 percentage points in May to 58.1 percent from the April reading of 53.7 percent. Meanwhile, the Prices Index dropped 0.3 percentage point from the April reading of 55.7 percent to 55.4 percent, indicating that prices increased in May for the 24th consecutive month.

Commenting on the data, the Chair of the ISM Non-Manufacturing Business Survey Committee, Anthony Nieves, noted, "The past relationship between the NMI and the overall economy indicates that the NMI for May (56.9 percent) corresponds to a 2.9-percent increase in real gross domestic product (GDP) on an annualized basis.”


Keep up with latest Forex market news updates: Currencies, central banks, economic indicators for oil and gold trading – all you need to work effectively on Forex.

Market focus

October 2019
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
21
22
23
24
25
26
27
28
29
30
31

Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Sydney 21:00 06:00 00:00 09:00 00:00 09:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenCloseе
London 07:00 16:00 10:00 19:00 10:00 19:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
American New York 12:00 21:00 15:00 00:00 15:00 00:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Chicago 13:00 22:00 16:00 01:00 16:00 01:00