July non-manufacturing activity is impressive, reports ISM

The NMI, the ISM’s index to measure growth, increased 2.7 percent to 58.7, which is its highest level since its inception in January 2008.

By ·

Non-manufacturing activity saw strong increases across the board for the month of July, while hitting some new highs for certain metrics, according to the Non-Manufacturing Report on Business released by the Institute for Supply Management today. 

The NMI, the ISM’s index to measure growth, increased 2.7 percent to 58.7, which is its highest level since its inception in January 2008. A reading above 50 represents growth. The July NMI is 3.7 percent higher than that 12-month average of 55.0 and marks the 54th consecutive month of growth in the non-manufacturing sector.

To read the complete article, please click here.


About the Author

Jeff Berman, Group News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman

Subscribe to Modern Materials Handling Magazine!

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Latest Whitepaper
Evolution of the Retail Fulfillment Operation
It’s an omni-channel world, and retail warehouse and DC operations must now seamlessly orchestrate a combination of software, automation, hardware and supporting equipment to meet ever-increasing customer expectations or be rendered irrelevant.
Download Today!
From the June 2017 Modern Materials Handling Issue
Self-driving mobile robots improve cycle times and reduce floor space at GE Healthcare’s new repair operations center in Wisconsin. General Electric operations center layout, General Electric Healthcare warehouse
GE Healthcare: Self-driving vehicles are the centerpiece of ROC
The Big Picture: Adaptability as King
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Warehouse Execution Systems (WES): The Pathway to Same-Day Fulfillment
This webinar explores the processes and technologies enabling same-day, same-hour order fulfillment using intelligent supply chain software.
Register Today!
EDITORS' PICKS
GE Healthcare System Report: Lean repairs
Self-driving mobile robots improve cycle times and reduce floor space at GE Healthcare’s new...
Materials Handling Innovation (and why it matters)
Every company considers itself an innovator. It’s time to include materials handling leaders in...

Thrive Market’s Startup Distribution Network
How does a fastgrowing, e-commerce startup company build out order fulfillment capabilities? Thrive...
U.S. Roadmap for Material Handling & Logistics: Version 2.0 released today
On Tuesday, the U.S. Roadmap for Material Handling & Logistics: Version 2.0 will be released on...