Non-manufacturing activity in April down slightly but remains solid, reports ISM

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 56.5 in March, which was 0.4 percent below March and also 0.6 percent below of the 12-month average of 57.1. Economic activity in the non-manufacturing sector has grown for the last 62 months, according to ISM.