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Services sector activity sees continued growth in February, ISM reports
March 5, 2024
The Services PMI, at 52.6 (a reading of 50 or higher signals growth), fell 0.8% in February, while growing, at a slower rate, for the 14th consecutive month. This marks growth in 44 of the last 45 months, with December 2022 being the one month with a decline over that period.
February manufacturing output declines, reports ISM
March 1, 2024
The report’s benchmark metric, the PMI came in at 47.8 (a reading of 50 or higher indicates growth), down 1.3% compared to January’s 49.1 reading, contracting, at a faster rate, for the 16th consecutive month.
Services economy starts 2024 strongly, reports ISM
February 5, 2024
The Services PMI, at 53.4 (a reading of 50 or higher signals growth), was up 2.9% in January, growing, at a faster rate, for the 13th consecutive month. This marks growth in 43 of the last 44 months, with December 2022 being the one month with a decline over that period. ISM added that the overall economy, like the January Services PMI, saw growth, at a faster rate, for the 13th consecutive month as well.
January manufacturing output inches closer to growth territory, reports ISM
February 2, 2024
The January PMI is 1.9% above the 12-month average of 47.2, with January 2024 marking the high for that period, at 49.1, and June 2023, at 46.4, marking the lowest.
Services economy finishes up 2023 with growth, notes ISM
January 8, 2024
The Services PMI, at 50.6 (a reading of 50 or higher signals growth), fell 2.1% compare to November’s 52.7 reading, growing, at a slower rate, for the 12th consecutive month. ISM observed that the services sector and the overall economy have each been growing, at a slower rate, for the 12th consecutive month, through December. And it added that ISM the services sector has seen growth in 42 of the last 43 months, with December 2022 being the one month with a decline.
December manufacturing output falls to finish 2023, reports ISM
January 4, 2024
The report’s benchmark metric, the PMI, came in at 47.4 (a reading of 50 or higher indicates growth), up 0.7% over November’s 46.7, contracting, at a slower rate, for the 14th consecutive month.
ISM Semiannual report indicates continued economic output into 2024
December 15, 2023
For manufacturing, ISM is estimating a 5.6% revenue gain in 2024; while ISM member panelists are calling for 2024 services-based economy revenues to increase 6.9% in 2024.
Services sector marks growth for the 11th consecutive month in November, reports ISM
December 5, 2023
ISM reported that 15 of the 18 services sectors it tracks saw gains in November, with Transportation & Warehousing, Retail Trade, and Wholesale Trade among these.
Manufacturing output stays flat from October to November, notes ISM
December 2, 2023
The November PMI came in 0.5% below the 12-month average of 47.2, with September 2023 marking the high for that period, at 49.0, and June 2023, at 46.0, marking the lowest.
October manufacturing trend shows sequential gain but falls short of growth mode, reports ISM
November 2, 2023
The report’s benchmark metric, the PMI increased 1.2%, to 46.7 (a reading of 50 or higher indicates growth), contracting, at a slower rate, for the 12th consecutive month.
Services economy growth continues in August, reports ISM
September 6, 2023
The Services PMI, at 54.5 (a reading of 50 or higher signals growth), increased 1.8%, growing, at a faster rate, for the eighth consecutive month. ISM said that the services sector has seen growth in 38 of the last 39 months, with December 2022 being the one month with a decline.
August manufacturing output is down for the tenth consecutive month, reports ISM
September 1, 2023
The report’s benchmark metric, the PMI increased 1.2%, to 47.6 (a reading of 50 or higher indicates growth), contracting, at a slower rate, for the tenth consecutive month. The past ten months of contraction were preceded by a stretch of 29 consecutive months of growth. ISM also said that the overall economy contracted, at a slower rate, in August, for the ninth consecutive month, which was preceded by 30 consecutive months of growth.
Services economy keeps humming along in June, ISM reports
July 6, 2023
June services economy activity grew again, according to the new edition of the ISM Report on Business, which was issued today by the Institute for Supply Management (ISM).
Manufacturing levels trend down in June, reports ISM
July 3, 2023
The report's key metric, the PMI fell 0.9%, to 46 (a reading of 50 or higher indicates growth). The past eight months of contraction, through June, were preceded by a stretch of 29 consecutive months of growth. ISM also said that the overall economy contracted, at a faster rate, in May, for the eighth consecutive month, which was preceded by 30 consecutive months of growth.
Services economy activity grows again in May, reports ISM
June 5, 2023
The Services PMI—at 50.3 (a reading of 50 or higher signals growth)—fell 1.6% off of May’s 51.9 reading, growing, at a slower rate, for the fifth consecutive month. ISM said that the services sector has seen growth in 35 of the last 36 months, with December 2022 being the one month with a decline.