The ISM Services PMI is a valuable indicator of the health of the economy from a non-manufacturing standpoint. The index is compiled by the Institute for Supply Management (ISM), which is a non-profit organization responsible for measuring the Purchasing Managers’ Index (PMI) for both manufacturing and non-manufacturing industries in the United States.The ISM Services PMI covers a wide range of industries including transportation, utilities, wholesale trade, retail trade, information services, financial services, and others. The index provides detailed insights into each sector of the economy and how it is performing. This information can be used by businesses to make strategic decisions about where to allocate resources and how to best position themselves in the marketplace.The ISM Services PMI has been generally trending upward since its inception in 1997, with occasional dips during periods of economic recession. However, even during these downturns, the index has tended to recover relatively quickly compared to other economic indicators such as GDP or employment data. This resilience reflects the diversity of service sector businesses and their ability to adapt to changing conditions in order to take advantage of opportunities as they arise . As such ,the ISM Services PMI Remain as a key tool for those seeking a comprehensive understanding of the U.S. economy non - manufacturing perspective.
