It was the 10th consecutive month that economic activity in the sector grew and was 8.4 percentage points higher than the February reading, according to the Institute for Supply Management.
Supplier deliveries slowed, the report says, and prices rose 2.2 percentage points. It was the 10th consecutive montly in which prices increased after a two-month contraction last April and May as the pandemic caught hold.
“Respondents’ comments indicate that the lifting of coronavirus (COVID-19) pandemic-related restrictions has released pent-up demand for many of their respective companies’ services. Production-capacity constraints, material shortages, weather and challenges in logistics and human resources continue to cause supply chain disruption,” says Anthony Nieves, chairman of ISM’s Business Services Survey Committee.