Services PMI® at 52.6%; February 2024 Services ISM® Report On Business®
TEMPE, Ariz., March 5, 2024 /PRNewswire/ -- Economic activity in the services sector expanded in February for the 14th consecutive month as the Services PMI® registered 52.6 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 44 of the last 45 months, with the lone contraction in December 2022.
- TEMPE, Ariz., March 5, 2024 /PRNewswire/ -- Economic activity in the services sector expanded in February for the 14th consecutive month as the Services PMI® registered 52.6 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®.
- "The Supplier Deliveries Index registered 48.9 percent, 3.5 percentage points lower than the 52.4 percent recorded in January.
- The index returned to contraction — indicating that supplier delivery performance was faster after one month in expansion (or 'slower') territory.
- Now that we have absorbed changes and restructured strategic plans, we are on a course for a successful 2024."