Non-manufacturing data for June is down slightly but still strong
The NMI, the ISM’s index to measure growth, dipped 0.3 percent to 56.0, just down from May’s 56.3.
Non-manufacturing activity continued to remain on a growth track for the month of June, according to the Non-Manufacturing Report on Business from the Institute for Supply Management (ISM), which was released today.
The NMI, the ISM’s index to measure growth, dipped 0.3 percent to 56.0, just down from May’s 56.3, which is the highest level for the PMI since August 2013’s 57.9. A reading above 50 represents growth. The June NMI is 1.3 percent higher than that 12-month average of 54.7 and marks the 53rd consecutive month of growth in the non-manufacturing sector.
Click here to read the complete article.
About the AuthorJeff 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!
Top 20 Worldwide Materials Handling Systems Suppliers 2017 ERP Suppliers’ Changing Role View More From this Issue