Non-manufacturing shows more growth in March, according to ISM report
The NMI, the ISM’s index to measure growth, rose 1.5 percent to 53.1 in March.
Non-manufacturing activity in March was solid, as was the first quarter, according to the Institute for Supply Management’s March Non-Manufacturing Report on Business.
The NMI, the ISM’s index to measure growth, rose 1.5 percent to 53.1 in March. A reading above 50 represents growth. The March PMI is 1.1 percent below the 12-month average of 54.2, and the cumulative average of the PMI for the first quarter is 52.9. The positive March NMI reading marks the 50th consecutive month of growth for the non-manufacturing sector.
To read the complete article, please click here.
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!
System Report: Brownells new DC is flexible and responsive Pallet Usage Report: Pallets Remain Critical in the Modern-Day Warehouse View More From this Issue