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ISM suggests the US economy started 2026 in a good place
The ISM services index came in a touch softer than expected, but remains at healthy levels, indicating the US, for now, is in a relatively good position to withstand the economic headwinds coming from the Middle East conflict. The headline index dropped from 56.1 to 54 (consensus 54.9). The chart below shows the relationship between the ISM manufacturing and services ISM business activity readings and year-on-year GDP growth. They are currently consistent with the US economy expanding 2.5% this year, which is broadly in line with our GDP growth forecast for 2026. In terms of the details, on the positive side, the new ... (full story)
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Apr 6, 2026 6:43pm
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Economic activity in the services sector continued to expand in March, say the nation's purchasing and supply executives in the latest ISM® Services PMI® Report. The Services PMI® registered 54 percent, the 21st consecutive month in expansion territory. The report was issued today by Steve Miller, CPSM, CSCP, Chair of the Institute for Supply Management® ...
From msn.com | Apr 6, 2026
The US service economy expanded in March at a slower pace as employment shrank by the most since 2023 and input prices accelerated sharply. The Institute for Supply Managements gauge of prices paid for services and materials jumped to 70.7, the highest since October 2022, according to data released Monday. Readings above 50 indicate expansion. The ...