by Calculated Risk on 4/05/2022 10:03:00 AM
(Posted with permission). The ISM(R) Services index was at 58.3%, up from 56.5% last month. The employment index increased to 54.0%, from 48.5%. Note: Above 50 indicates expansion, below 50 in contraction.
From the Institute for Supply Management: Services PMI(R) at 56.5% February 2022 Services ISM(R) Report On Business(R)
The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management(R) (ISM(R)) Services Business Survey Committee: “In March, the Services PMI(R) registered 58.3 percent, 1.8 percentage points higher than February’s reading of 56.5 percent. The Business Activity Index registered 55.5 percent, an increase of 0.4 percentage point compared to the reading of 55.1 percent in February, and the New Orders Index figure of 60.1 percent is 4 percentage points higher than the February reading of 56.1 percent.
The employment index increased to 54.0%, from 48.5% the previous month.