Institute for Supply Management Services PMI

The Institute for Supply Management (ISM) Services PMI is a monthly indicator that measures the overall health of the service sector of the economy, including industries like healthcare, finance, and retail. It is based on a survey of purchasing managers who assess factors such as new orders, employment, supplier deliveries, and business activity. A reading above 50 indicates expansion, while below 50 suggests contraction. This index helps businesses, policymakers, and investors understand economic trends in service industries, guiding decisions related to investments, policy-making, and strategic planning.