Skip to content

ISM Services Index Slips in March

Click Here!

4/5/2011 10:10:00 AM

The U.S. economy’s service sector declined in March but still showed expansion, the Institute for Supply Management said Tuesday.

ISM’s monthly services index fell to a reading of 57.3, from 59.7 in February, ISM said in its monthly report. Figures greater than 50 indicate expansion.

Economists had forecast a reading of 59.5, Bloomberg reported. The index averaged 56.1 during the five-year expansion that ended in December 2007.

ISM’s services index measures non-manufacturing components of the economy, and the services sector, which includes transportation, retail sales and financial services, accounts for nearly two-thirds of the U.S. gross domestic product.

Click Here!

© 2010, Transport Topics Publishing Group. All rights reserved.


ISM Services Index Slips in March (4/5/2011 10:10:00 AM)
Opinion: Trucking Fights Terrorism (4/5/2011 8:00:00 AM)
Better Days (4/4/2011 8:00:00 AM)
Trucking Optimism Grows (4/4/2011 4:00:00 AM)
Makers Debut Drum, Air Disc Brakes that Meet New Stopping-Distance Rule (4/4/2011 2:45:00 AM)
Reauthorization Should Focus on Highways, ATA’s Windsor Tells Congressional Panel (4/4/2011 1:45:00 AM)


Click Here!

Emil Estafanous, CPA, CFF, CGMA