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U.S. Services Sector Slows Amid Rising Inflation Pressures

4/6/2026

45 6 Full Breakdown

Summary

Story summary

The U.S. services sector slowed in March as the ISM nonmanufacturing PMI fell to 54.0 from 56.1 in February.
The slowdown coincides with inflation pressures from the U.S.-Israel conflict with Iran, which has driven global oil prices up more than 50%.
The average retail gasoline price surpassed $4 a gallon, and economists expect the inflation impact to appear in the upcoming Consumer Price Index report.

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Story summary

The U.S. services sector slowed in March as the ISM nonmanufacturing PMI fell to 54.0 from 56.1 in February.
The slowdown coincides with inflation pressures from the U.S.-Israel conflict with Iran, which has driven global oil prices up more than 50%.
The average retail gasoline price surpassed $4 a gallon, and economists expect the inflation impact to appear in the upcoming Consumer Price Index report.