US Services PMI stands at 54%; ISM Services PMI Report for March 2026

Services Sector Maintains Growth in March

According to the latest ISM® Services PMI® Report, the nation's services sector continued to show growth in March, as reported by purchasing and supply executives. The Services PMI® reached 54 percent, marking the 21st straight month of expansion.

Steve Miller, CPSM, CSCP, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee, announced that March's reading of 54 percent represented a 2.1 percentage point drop from February's 56.1 percent, but still stands as the second-highest level since October 2024, when it was 55.5 percent.