Breakfast briefing: US service sector cools, inflation heats up - News Summed Up

Breakfast briefing: US service sector cools, inflation heats up


In the US, the widely-followed March ISM services PMI came in a touch lower than expected, and lower than for February. The Canadian services PMI is still contracting, extending that retreat to five straight months. Input price inflation accelerated to a survey-record (ten year) high. India's services PMI was still expanding fast in March, although continuing the receding growth trend they have had for more than eight months. Input price inflation climbed to a 45-month high and they had their weakest rise in new business and activity since January 2025.


Source: Stuff April 06, 2026 22:53 UTC



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