Back

U.S. ISM Services Prices Jump in March as Employment Index Falls Sharply

The Institute for Supply Management services survey showed stronger price pressures, while the headline index eased and the employment measure recorded one of its steepest monthly drops since the COVID period.

Summary

No Summary provided as the original text is short

Terms & Concepts
  • ISM services index: A monthly survey-based indicator tracking business conditions in the U.S. services sector.
  • Employment index: A sub-index that measures whether surveyed businesses are increasing or reducing hiring.
  • Input costs: The costs businesses pay for materials, energy, and other supplies needed to operate.