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ISM Nonmanufacturing Index Slows to 56.5 in March

Wall Street Journal (04/06/15) Kathleen Madigan

The Institute for Supply Management’s nonmanufacturing purchasing managers index declined from 56.9 in February to 56.5 in March. Experts polled by the Wall Street Journal had forecast no change. The employment index rose from 56.4 to 56.6, and the new orders index rose from 56.7 to 57.8.

Despite the small decline in the PMI, “The majority of respondents’ comments reflect stability and are mostly positive about business conditions and the overall economy,” ISM said in its report.