ISM Services PMI Misses Expectations: Investors Flock To Treasuries, Defensive Stocks Amid Economic Concerns
The increase of economic activity in the United States' services sector slowed in March, with the ISM Services Purchasing Managers' Index dropping from 55.1 to 51.2, falling short of estimates of 54.5.
Eight of the 10 subindices that constitute the overall index fell during the month.
