U.S. Services-Sector Activity Continues to Rise in February

Core Insights - The Institute for Supply Management's purchasing managers index for services providers increased to 56.1 from 53.8, indicating growth in the services sector [1] - All four subindexes have remained in expansion territory for the third consecutive month, reflecting sustained positive momentum in the services industry [1] Summary by Category Purchasing Managers Index - The purchasing managers index for services providers rose to 56.1, up from 53.8, signaling an improvement in service sector activity [1] Subindexes Performance - All four subindexes are in expansion territory for the third month in a row, suggesting a broad-based growth across different areas within the services sector [1]