U.S. ISM Services Index Climbs to 56.1 in February, Beating Estimates
The February reading of 56.1 surpasses expectations of 53.5 and marks the strongest performance since November 2022, indicating expanding U.S. service-sector activity.
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Terms & Concepts
ISM Services Index: A monthly economic indicator published by the Institute for Supply Management measuring the performance and growth in the U.S. service sector.