Services sector expands in March as ISM PMI holds steady at 54.

Services sector expands in March as ISM PMI holds steady at 54.0. The headline composite index reflects continued economic growth in the services industry, signaling resilience across business activity. The Prices Index climbed higher amid elevated oil and fuel costs, a factor weighing on margins for service providers. Supplier Deliveries Index showed slower performance compared to February, suggesting potential supply chain constraints. Notably, exports and imports activity expanded for two consecutive months, marking the first such streak since September and October 2024. This development indicates renewed international trade momentum. The sustained expansion above the 50 threshold demonstrates the services sector continues supporting overall economic growth, though rising input costs and supply challenges warrant monitoring by investors and policymakers alike.