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SURVEY BASED MEASURES <br />70 <br />65 <br />60 <br />55 <br />50 <br />45 <br />40 <br />Institute of Supply Management (ISM) Surveys <br />• <br />v <br />CM <br />CHANDLER <br />ASSET MANAGEMENT <br />ISM Manufacturing -----ISM Services <br />1 I \ .. <br />I g % k 1 �� <br />1 1 % i % I ♦," .` <br />• <br />t <br />• <br />• <br />• <br />• <br />• <br />• <br />EXPAN DING <br />CONTRACTING <br />, % <br />I <br />A %,0 `., <br />i1 <br />I % I <br />• <br />.cb mod` q4a° �,°� �c'b, �d` yea° 410E •�°b. 410 le/•t /$6. ��'` y4a° /1,°� •Pb. 41`�` 'To 4,°1, ,cPb. <br />,O �p �o ?o `,I �,1 1 1 � �� �� �� �0) J, �J, ��, � �Q Est �S <br />Source: Institute for Supply Management <br />The Institute for Supply Management (ISM) Manufacturing index rose less than forecast to 50.3 in February versus 50.9 in January, as <br />activity expanded marginally for the second month in a row after 26 consecutive months of contraction. Production moderated, while price <br />growth accelerated primarily due to tariffs. ISM Services Index rose to a better than expected 53.5 in February from 52.8 in January to <br />mark the eighth straight month of expansion. Business activity, supplier deliveries, new orders and employment all expanded. A reading <br />over 50 indicates expansion, while a reading under 50 indicates contraction. <br />19/143 <br />10 <br />