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March 2021 ISM and Markit Services Surveys Show Improvement The ISM significantly improved and remained in expansion whilst the Markit PMI improved and advanced further into expansion. Analyst Opinion of the ISM and Markit Services Survey With the economy reopening, it comes as no surprise that both of these indices improved. From Econoday: Upturns in output and new orders accelerate to strong rates Price gauges hit highest on record amid supply chain disruptions Business optimism improves since February March PMITM data indicated a substantial increase in business activity across the U.S. service sector, and one that was the steepest for almost seven years. Contributing to the marked upturn in output was the fastest expansion in new business for six years, reflecting strengthening client demand. Firms also registered a renewed rise in new export orders. Meanwhile, rates of input cost and output charge inflation reached fresh record peaks, as firms sought to pass on steep ris

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