The ISM Services PMI is a monthly economic indicator that measures the health of the U.S. services sector, based on a survey of purchasing managers. It provides insights into business activity, new orders, employment, and supplier deliveries. A reading above 50 indicates expansion, while below 50 suggests contraction. This index is crucial as the services sector constitutes a significant portion of the U.S. economy, and its performance can influence financial markets by affecting investor sentiment and monetary policy expectations.
The ISM Services PMI is a monthly economic indicator that measures the health of the U.S. services sector, based on a survey of purchasing managers. It provides insights into business activity, new orders, employment, and supplier deliveries. A reading above 50 indicates expansion, while below 50...