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ISM Services Business Activity

Name: ISM Services Business Activity
Creator: TipRanks

The ISM Services Business Activity Index is a component of the ISM Services PMI, measuring the level of activity in the U.S. services sector. It reflects changes in production levels and is a key indicator of economic health, as the services sector constitutes a significant portion of the U.S. economy. A reading above 50 indicates expansion, while below 50 suggests contraction. This index is closely watched by financial markets for insights into economic trends and potential impacts on monetary policy.