US ISM non-manufacturing index at 58.8 for March

Haresh Menghani FXStreet

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.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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