Feroli Says Gasoline, Real Estate May Be Factors in ISM

Posted under REAL ESTATE by admin

May 4 (Bloomberg) — Michael Feroli, chief U.S. economist at JPMorgan Chase & Co., discusses the Institute for Supply Management’s report that service industries in the U.S. expanded in April at the slowest pace in eight months, and the outlook for the economy.
The ISM’s index of non-manufacturing companies declined to 52.8 last month from 57.3 in March. Readings greater than 50 signal growth. Feroli talks with Margaret Brennan on Bloomberg Television’s “InBusiness.” (Source: Bloomberg)

Duration : 0:2:34

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