The latest data on the ISM Non-Manufacturing Business Activity in the United States for the month of March 2024 shows a slight increase to 57.4 from the previous reading of 57.2 in February 2024. This indicates a positive trend in the service sector of the U.S. economy. The ISM Non-Manufacturing Index measures the business activity across various industries such as finance, healthcare, and retail among others.
The increase in the index suggests that the service sector continued to expand in March, indicating growth and stability in the non-manufacturing segment of the economy. This data provides valuable insights into the overall economic health of the country and is closely monitored by analysts and investors for its implications on future economic performance. The update on the ISM Non-Manufacturing Business Activity was released on 3rd April 2024, shedding light on the current state of the service industry in the United States.
