ISM Non-Manufacturing Index Highest Since 2007

"Economic activity in the non-manufacturing sector grew in February for the second consecutive month, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business. In February, the Non-Manufacturing Index (NMI) registered 53 percent, indicating growth in the non-manufacturing sector for the second consecutive month. A reading above 50 percent indicates the non-manufacturing sector economy is generally expanding; below 50 percent indicates the non-manufacturing sector is generally contracting.