Free Trial

ISM Services PMI At All-Time High in Mar

US DATA
(MNI) LONDON

US ISM SERVICES PMI 63.7 MAR VS 55.3 FEB

US ISM SERVICES BUSINESS INDEX 69.4 MAR VS 55.5 FEB

US ISM SERVICES EMPLOYMENT INDEX 57.2 MAR VS 52.7 FEB

US ISM SERVICES NEW ORDERS 67.2 MAR VS 51.9 FEB

US ISM SERVICES SUPPLIER DELIVERIES 61.0 MAR VS 60.8 FEB (NSA)


The ISM Services PMI hit a series high in March, 8.4 points higher at 63.7, up from 55.3 in March, coming well above market expectations (BBG: 58.7). The previous high in the near 25-year history of the series was 62.0 in August 1997. The March rise was broad-based with New Orders recording a gain of 15.3 points. Business Activity increased 13.9pt, while Employment rose by 4.5pt. Prices paid rose again, up 2.2 points to 74.0.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.