ISM Non-Manufacturing PMI rises less-than-expected

The Institute of Supply Management non-manufacturing purchasing managers’ index rose less-than-expected in the last quarter, official data showed on Thursday.

In a report, Institute for Supply Management said that ISM Non-Manufacturing PMI rose to a seasonally adjusted annual rate of 53.1, from 54.4 in the preceding quarter.

Analysts had expected ISM Non-Manufacturing PMI to rise 54.0 in the last quarter.

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