REFILE-US service sector growth rate flat in April – ISM

(Refiles to clarify pace of growth unchanged)

NEW YORK, May 5 (BestGrowthStock) – The pace of growth in the U.S.
services sector was unchanged in April compared to the month
before and expanded below the rate forecast by analysts,
according to an industry report released on Wednesday.

The Institute for Supply Management said its services index
was at 55.4 in April, the same in March but below the 56.0
median forecast of 74 economists surveyed by Reuters. A reading
above 50 indicates expansion.

The report’s employment component fell slightly to 49.5
from 49.8 the prior month.

A key report on U.S. nonfarm payrolls is due on Friday.
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(Reporting by Edward Krudy; Editing by James Dalgleish)

REFILE-US service sector growth rate flat in April – ISM