The Institute for Supply Management (ISM) reported that the non-manufacturing prices index in the United States rose to 62.6 in February 2025, compared to 60.4 in January. This signifies an increase in the rate at which prices are rising for services including real estate, transportation, and healthcare.
The index's increase suggests a strong demand for services across the country, as businesses appear willing to pay higher prices. This data, updated on March 5, 2025, reflects ongoing pressures in the economy related to supply chains and inflationary costs, which continue to influence various sectors outside of manufacturing.
Analysts are closely monitoring these figures for indications of broader economic trends. Rising prices in the non-manufacturing sector can potentially impact consumer price index figures and influence monetary policy decisions by the Federal Reserve, particularly in an environment where inflation remains a key concern for policymakers. The new figures from the ISM may prompt a closer examination of economic stability as the year progresses.
