FYI: After a weaker than expected reading for the manufacturing sector earlier in the week, the ISM Non-Manufacturing report for the month of April rebounded and surpassed economist expectations. While consensus estimates called for the headline index to remain unchanged at 54.5, the actual reading came in quite a bit higher at 55.7, which was the best reading of the year. On a combined basis, and accounting for each sector’s overall share of the US economy, the ISM for April increased from 54.2 up to 55.1. That’s also the highest reading of the year.
Regards,
Ted
http://www.bespokepremium.com/think-big-blog/
