US Services PMI Declines, Revealing Slower Economic Activity


In March, economic activity within the US services sector grew at a slower pace, with the ISM Services PMI dropping to 51.2 from 55.1 in February. The reading was weaker than the market expectation of 54.5. The inflation component of the PMI survey, the Price Paid sub-index fell to 69.5 from 65.6 in February, while […]