Latest Updates: Related to Inflation

April ISM Surveys Highlight Spending Divide Between Goods and Services

05/03/2023

The April surveys of U.S. purchasing managers continue to reflect an economy divided between fading goods purchases and still resilient services spending. This morning, the ISM services survey showed a slight uptick in the composite index from 51.2 to 51.9, as 14 of 17 service industries reported growth. The current business activity index was still expanding (above 50) but slipped from 55.4 to 52, the slowest pace in nearly three years.

Read the full article

Read more Economic Commentary

Learn More From HilltopSecurities

Scattered Signs of Labor Softness Not Enough to Dissuade Fed

2021 Q3 Economic Recap and Rate Outlook

Thank you for visiting the HilltopSecurities website.
For best viewing experience, we recommend using Chrome, Firefox, Safari, or Microsoft Edge.