WASHINGTON, May 5 (Xinhua) -- Business activity in the U.S. service sector contracted for the seventh consecutive month in April, the Institute for Supply Management (ISM) reported Tuesday in its latest non-manufacturing survey.
The Tempe, Arizona-based research group said its index of business activity in the non-manufacturing sector declined to 43.7last month from March's reading of 40.8.
A reading at or above 50 indicates expansion, while one below indicates contraction.
The service sector -- everything from restaurants and hotels to banks and airlines -- represents about 80 percent of economic activity in the United States.
The ISM is a trade association representing approximately 40,000 supply management professionals. Its service sector index reflects the opinions of purchasing and supply executives at non-manufacturing industries.
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