MW Economy jolted by Iran war. Inflation bubbles up and service companies reduce employment.
By Jeffry Bartash
ISM price index jumps to highest level since 2022
Restaurants and other service companies have been the drivers of a five-year old economic expansion in the U.S. Here, Raising Cane's opens a new branch.
Check back for updates.
The largest part of the economy grew a bit slower in March as the Iran war drove up oil and other prices and companies responded by reducing employment, suggesting a rockier path for the economy until the conflict ends.
A survey of service companies such as banks, retailers and restaurants climbed slipped to 54.0% in February from 56.1% in the prior month, the Institute for Supply Management said Monday.
The February reading was the highest in 3 1/2 years.
Any number above 50% is a sign that business is growing. The index has topped this key threshold for 21 months in a row.
Market reaction: The Dow Jones Industrial Average DJIA and S&P 500 SPX rose in Monday trading.
-Jeffry Bartash
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
April 06, 2026 10:09 ET (14:09 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments