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ISM Services PMI: Continued Expansion In March

Seeking Alpha
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The March Services PMI registered 54.0, marking continued expansion in the U.S. services sector for the third consecutive month, according to the latest ISM report released in April 2026. Higher oil and fuel costs drove the Prices Index upward, reflecting inflationary pressures as anticipated by economists, while input costs rose across multiple service industries. Supplier deliveries slowed compared to February, signaling potential supply chain bottlenecks despite overall sector growth, as measured by the Supplier Deliveries Index. Both exports and imports expanded for two straight months—the first such streak since late 2024—indicating strengthening global trade activity in services. The composite index, though lower than February’s reading, remains above the 50.0 threshold, suggesting sustained but moderating growth in the services economy.
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Advisor Perspectives Charts6.62K FollowersFollow5ShareSavePlay(4min)CommentsSummaryThe Institute for Supply Management (ISM) released its March Services Purchasing Managers' Index (PMI), with the headline composite index at 54.0.The Prices Index increased, as expected, amid higher oil and fuel costs, and the Supplier Deliveries Index indicated slower performance compared to February.Exports and imports activity have expanded for two months in a row for the first time since September and October 2024. Maks_Lab/iStock via Getty Images By Jennifer Nash Originally published on April 6, 2026 The Institute for Supply Management (ISM) released its March Services Purchasing Managers' Index (PMI), with the headline composite index at 54.0. This was lower than theThis article was written byAdvisor Perspectives Charts6.62K FollowersFollowAdvisor Perspectives is a leading interactive publisher for Registered Investment Advisors. Our AP Charts & Analysis portion of our website analyzes economic and market trends.

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