US EditionUS service sector cools in March, inflation heating up amid Iran war
The ISM prices gauge rose to 70.7, its highest since October 2022, as service-sector employment fell to 45.2.
- The Institute for Supply Management reported yesterday that the Services PMI fell to 54, declining 2.1 points as expansion slowed. The Employment Index entered contraction territory.
- Steve Miller, chair of the ISM Services Business Survey Committee, attributed the volatility to the Iran conflict. Companies reported "higher gas and diesel pricing" and supply chain disruptions.
- Input prices surged to 70.7, the highest since October 2022, as companies faced accelerating costs. The ISM employment gauge slumped to 45.2, yet payrolls rose by 178,000 in March.
- Rising costs and slower services growth threaten corporate profit margins, forcing businesses to pass expenses to consumers. These pressures complicate monetary policy decisions while sustaining inflationary concerns.
- Thirteen industries reported growth in March, while Retail contracted. This sectoral divergence reflects varying fortunes as companies adjust inventories to withstand supply disruptions.
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Services Demand Surges to Three-Year High Despite Rising Energy Costs
New orders for services rose to their highest level in more than three years in March, the Institute for Supply Management reported Monday, as strong demand across the economy proved resilient to the spike in energy prices driven by the U.S.-Israel military campaign against Iran. The post Services Demand Surges to Three-Year High Despite Rising Energy Costs appeared first on Breitbart.
US service sector cools in March, inflation heating up amid Iran war
U.S. services sector growth slowed in March, while prices paid by businesses for inputs increased by the most in more than 13 years, an early indication that the prolonged war with Iran was boosting inflation pressures.
U.S. service sector cools in March, inflation heating up amid Iran war
WASHINGTON, D.C. (April 7, 2026) — U.S. services sector growth slowed in March, while prices paid by businesses for inputs increased by the most in more than 13 years, an early indication that the prolonged war with Iran was boosting inflation pressures. The Institute for Supply Management survey on Monday also showed services employment dropping to the lowest level since the end of 2023, which probably understates the health of the labor market…
ISM services index shows cooling growth, big jump in prices
The U.S. service sector expanded in March at a slower pace as employment shrank by the most since 2023 and input prices accelerated sharply. The Institute for Supply Management’s service index of prices paid for services and materials jumped to 70.7, the highest since October 2022, according to data released Monday. Readings above 50 indicate expansion. The 7.7-point increase from a month earlier was the largest in nearly 14 years, comparable to…
Service Industry Prices Climb As Iran War Persists
America’s service economy expanded last month amid a sharp uptick in input prices and shrinking employment levels. That’s according to the Institute for Supply Management’s (ISM) Services PMI Index, released Monday (April 6) and showing that the measure of prices paid for services and materials rose to 70.7, the highest since October 2022. ISM noted in its report that while businesses are noting a relaxation on tariffs, the U.S. war in…
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