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Services PMI® at 63.7%; March 2021 Services ISM® Report On Business®

®.
The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management
® (ISM
®) Services Business Survey Committee: The Services PMI
® registered an all-time high of 63.7 percent, 8.4 percentage points higher than the February reading of 55.3 percent. The previous high was in October 2018, when the Services PMI
® registered 60.9 percent. The March reading indicates the 10th straight month of growth for the services sector, which has expanded for all but two of the last 134 months.
Nieves continues, For further historical context, the Services PMI
® debuted as the Non-Manufacturing NMI
® in 2008, although subindex data was collected for years in advance. In August 1997, the four subindexes Business Activity, New Orders, Employment and Supplier Deliveries that make up the Services PMI ....

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"The Biggest Concern Is Stagflation" - Factory Orders Tumble As Services Surveys Signal Soaring Inflation

"The Biggest Concern Is Stagflation" - Factory Orders Tumble As Services Surveys Signal Soaring Inflation
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