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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