by Calculated Risk on 3/05/2025 10:00:00 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 percent, indicating 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 percent, 0.7 percentage point higher than the January figure of 52.8 percent.

Keep reading this article on Bill McBride - Calculedriskblog.