PMI® services at 55.3%; February 2021 ISM® Report On Business® Services

Commercial activity index at 55.5%; New orders index at 51.9%; Employment index at 52.7%; Supplier deliveries index at 60.8%

TEMPE, Ariz., March 3, 2021 / PRNewswire / – Economic activity in the service sector increased in February for the ninth consecutive month, according to the country’s purchasing and supply managers in the latest ISM® On Business® Services report .

The report was released today by Anthony Nieves, CPSM, CPM, APP, CFPM, Chairman of the Institute for Supply Management® (ISM®) Services Business Survey Committee: 58.7 percent reading. This reading marks the ninth consecutive month of growth for the service sector, which has grown for almost two of the last 133 months.

“The…

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