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QVMS - Services Sector Survey Suggests Continued Price Pressures Perhaps Some Demand Weakening
Invesco S&P SmallCap 600 QVM Multi-factor ETF
The Institute for Supply Management’s composite services index decreased to 57.1% in April, falling 1.2 points from 58.3% in the prior month.
Ten industries reported growth in employment while five reported a reduction.
The latest report from the Institute of Supply Management suggests that the services sector and the broader economy expanded for the 23rd consecutive month in April.