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Services PMI® at 63 7%; March 2021 Services ISM® Report On Business®

®. The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management ® (ISM ®) Services Business Survey Committee: The Services PMI ® registered an all-time high of 63.7 percent, 8.4 percentage points higher than the February reading of 55.3 percent. The previous high was in October 2018, when the Services PMI ® registered 60.9 percent. The March reading indicates the 10th straight month of growth for the services sector, which has expanded for all but two of the last 134 months. Nieves continues, For further historical context, the Services PMI ® debuted as the Non-Manufacturing NMI ® in 2008, although subindex data was collected for years in advance. In August 1997, the four subindexes Business Activity, New Orders, Employment and Supplier Deliveries that make up the Services PMI

Treasuries Move To The Downside Following Strong Economic Data

Treasuries Move To The Downside Following Strong Economic Data WASHINGTON (dpa-AFX) - Following the rebound seen in the previous session, treasuries moved back to the downside as trading resumed on Monday. Bond prices regained some ground after an initial drop but remained firmly in negative territory. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 4.1 basis points to 1.720 percent. The weakness among treasuries came as the release of strong U.S. economic data reduced the appeal of safe havens such as bonds. The Labor Department s closely watched jobs report, which was released while the markets were closed on Friday, showed employment in the U.S. spiked by much more than expected in the month of March.

The Biggest Concern Is Stagflation - Factory Orders Tumble As Services Surveys Signal Soaring Inflation

The Biggest Concern Is Stagflation - Factory Orders Tumble As Services Surveys Signal Soaring Inflation
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Construction, Industry Economic Report at All-time High

ISM® Construction was the fifth-highest growing sector in the report.  “Residential new home construction demand continues to outpace supply. Construction companies reported the highest price increases for materials and services in March of all 18 services industries. “All-time high” was the buzz phrase in a monthly economic report meeting for industries like construction, rental, warehousing and others. Anthony Nieves, chair of the Institute of Supply Management (ISM ®) Services Business Survey Committee, delivered the March services sector report on April 5. The PMI ®, or the Purchasing Managers’ Index, is a set of economic indicators based off surveys of private-sector companies. “The Services PMI

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