US ISM non-manufacturing index at 58.8 for March
|According to the latest Non-Manufacturing ISM Report on Business, released this Wednesday, economic activity in the non-manufacturing sector grew at a slightly slower rate in March.
Key highlights:
• The NMI registered 58.8 percent, which is 0.7 percentage point lower than the February reading of 59.5 percent.
• This represents continued growth in the non-manufacturing sector for the 98th consecutive month.
• The Non-Manufacturing Business Activity Index decreased to 60.6 percent, 2.2 percentage points lower than the February reading of 62.8 percent.
• The New Orders Index registered 59.5 percent, 5.3 percentage points lower than the reading of 64.8 percent in February.
• The Employment Index increased 1.6 percentage points in March to 56.6 percent from the February reading of 55 percent.
• The Prices Index increased by 0.5 percentage point from the February reading of 61 percent to 61.5 percent.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.