Inside Supply Management Magazine
March/April 2022
Articles
February 2022 ISM® Report On Business®: Services
March 01, 2022
In February, the Services PMI® registered 56.5 percent, a 3.4-percentage point decrease compared to the January reading of 59.9 percent. The 12-month average is 62.6 percent, which reflects consistently strong growth in the services sector. This is the lowest Services PMI® reading since February 2021 (55.9 percent). The February reading indicates the services sector grew for the 21st consecutive month after two months of contraction and 122 months of growth before that.
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