ISM Services PMI Expands at a Slower Pace: March Report Insights
Wednesday, 3 April 2024, 14:02
ISM Services PMI Report Insights
The Institute for Supply Management (ISM) released its March Services PMI report, indicating a slower pace of expansion compared to the previous month. The index stood at 51.4, falling below the consensus of 52.8 and down from 52.6 in February.
Key Points:
- The March ISM Services PMI came in at 51.4, trailing expectations.
- This figure indicates a potential softening in the service sector.
- The data may impact market sentiments and future economic projections.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.