Past Release · ISM Services
March 2024 ISM Services Report
Friday, March 1, 2024
ISM Services printed at 79.40, a +3.25% move from the prior reading of 76.90.
Headline Reading
Consumer Sentiment (Michigan)→79.40
Mar 1
Prior
76.90
Absolute
+2.50
Percent
+3.25%
What to Watch For
- •Headline ISM Services vs 50
- •Business activity subindex
- •New orders
- •Employment
- •Prices, services inflation proxy
Expected Market Reaction
Given services dominance, ISM Services moves matter more for overall economic read. Hot prices subindex is hawkish for bonds. Weak business activity with hot prices = stagflation signal.
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