Even with some slippage for key metrics, the Institute for Supply Management (ISM) reported today the non-manufacturing activity in February remained on a growth path for the 49th consecutive month in its February Non-Manufacturing ISM Report on Business.
The NMI, the ISM’s index to measure growth, dipped 2.4 percent to 51.6 in February. A reading above 50 represents growth. The February PMI is 2.7 percent below the 12-month average of 54.3.
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