bee Calculated Risk On 3/05/2025 10:00 AM AM
(Posted with permission). The ISM® Services Index was at 53.5%, up from 52.8% last month. The employment index increased to 53.9%, from 52.3%. Note: Above 50 Indicates Expansion, below 50 in Contraction.
From the Institute for Supply Management: Services PMI® at 53.5% February 2025 Services ISM® Report on Business®
Economic Activity in the Services Sector Expanded for the Eighth Consecutive Month in February, say the Nation's Purchasing and Supply Executives in the Latest Services ISM® Report on Business®. The Services PMI® Registered 53.5 PERCENTindicating expansion for the 54th time in 57 months since recovery from the coronavirus pandemic-induced recession began in June 2020.
The report was issued today by Steve Miller, CPSM, CSCP, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: “In February, the Services PMI® Registered 53.5 Percentage Point higher than the January of 52.8 percent. The Business Activity Index Registered 54.4 Percent in February, 0.1 Percentage Point Lower than the 54.5 percent recorded in January. This is the Index's 57th Consecutive Month of Expansion. The new orders index recorded a recording of 52.2 percent in February, 0.9 Percentage Point Higher than the January Figure of 51.3 percent. The employment index remained in expansion territory for the fifth conseecutive month; The reading of 53.9 PERCENT is a 1.6-percentage point increase compared to the 52.3 percent recorded in January.
Emphasis added
This was close to consensus expectations.