The Institute for Supply Management’s non-manufacturing business activity composite index was 44.0 in May, up from 43.7 in April on a seasonally adjusted basis, the group said yesterday.

Economists polled by Thomson Reuters had expected a 45.0 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.