A strong growth rate in new orders leads an upbeat PMI services report
for April. The headline index ends April at 54.6, up 1 tenth from the
mid-month flash and up 6 tenths from March. Employment growth in the
sample remains very strong as do backlogs while confidence in the
outlook is picking up, hitting a nearly 3-year high.
All this
strength is being reflected in prices with both input costs and selling
prices on the rise. These results together with last week's PMI
manufacturing report make for a 7 tenths gain in the PMI composite to
54.9 in April.
Business Financing, Real Estate Financing, Micro-Business Loans, Personal Loans, Agriculture Financing, Land Loans, End Loans, Hard Money, Merchant Financing, Cash Flow Financing, Note Buyers. Commercial and Residential Construction Financing.
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