The ISM Services PMI fell to 54 in March 2026 from 56.1 in February which was the highest since August 2022 and compared to forecasts of 55. Despite the slowdown in services activity, the reading still indicated continued strength in business activity, new orders, and order backlogs. Meanwhile, the prices index rose to 70.7, the highest since October 2022 from 63 in February
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