ISM Non-Manufacturing Composite rose to 59.7 in February, up from 56.7, beat expectation of 57.3. Employment Index dropped -2.6 to 55.2. Business Activity Index rose 5 to 64.7. New Orders rose 7.5 to 57.7. Price dropped -5 to 54.4.
ISM noted that “respondents are concerned about the uncertainty of tariffs, capacity constraints and employment resources; however, they remain mostly optimistic about overall business conditions and the economy.”
