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US Services PMI Fell Sharply in March

Sarah Sands
US Services PMI Fell Sharply in March

The US services PMI (purchasing managers’ index) fell drastically in March 2018 after showing a strong improvement in February. The March US services PMI (purchasing managers’ index) report indicated a huge fall in the US service activity for the month. The services PMI index stood at 54 in March as compared to 55.9 in February 2018 and was slightly below the preliminary market estimate of 54.1.