The U.S. services sector expanded at a slower pace as the non-manufacturing business activity composite index was 52.8 in April compared to 57.3 in March on a seasonally adjusted basis, the Institute for Supply Management reported Wednesday.

Economists polled by Thomson Reuters had expected a 57.4 level.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.