ISM

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.

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. 

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.

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).

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.

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. 

The report’s key metric, the PMI, registered a 46.9 reading (a reading of 50 or higher indicates growth), falling 0.2% off of April’s 47.1 reading.

The Services PMI—at 51.9 (a reading of 50 or higher signals growth)—increased 0.7% over March’s 51.2, growing, at a faster rate, for the fourth consecutive month. ISM said that the services sector has seen growth in 34 of the last 35 months, with December 2022 being the one month with a decline. 

The report’s key metric, the PMI, came at 47.1 (a reading of 50 or higher indicates growth), marking a slight 0.8% gain over March’s 46.3, while contracting, at a slower rate, for the sixth consecutive month. The past six months of contraction, through April, were preceded by a stretch of 29 consecutive months of growth.

The Services PMI—at 51.2 (a reading of 50 or higher signals growth)—was down 3.9% compared to February’s 55.1, growing, at a slower rate, for the third consecutive month. ISM said that the services sector has seen growth in 33 of the last 34 months, with December 2022 being the one month with a decline. 

The report’s key metric, the PMI, at 46.3 (a reading of 50 or higher indicates growth), was down 1.4% compared to February, contracting, at a faster rate, for the fifth consecutive month.

The Services PMI—at 55.1 (a reading of 50 or higher signals growth)—was essentially even with January’s reading with a 0.1% decline, growing, at a slower rate, for the second consecutive month. January was 6.0% above December’s 49.2, which was down 6.9% compared to November’s 55.5. ISM added that the overall economy also grew, at a slower rate, in February, for the second consecutive month.

The report’s key metric, the PMI, at 47.7 (a reading of 50 or higher indicates growth), eked out a 0.3% increase, from January to February, contracting, at a slower rate, for the fourth consecutive month. The last four months of contraction, through February, were preceded by a stretch of 29 consecutive months of growth. ISM also said that the overall economy contracted, at a slower rate, in February, for the third consecutive month, which was preceded by 30 consecutive months of growth.

The Services PMI—at 55.2 (a reading of 50 or higher signals growth)—increased 6.0% over December’s 49.2, which was down 6.9% compared to November’s 55.5. Through November, the Services PMI had grown for 30 consecutive months.

The report’s key metric, the PMI, at 47.4 (a reading of 50 or higher indicates growth), down 1.0% from December’s 48.4, contracting, at a faster rate, for the third consecutive month. The last three months of contraction, through January, were preceded by a stretch of 29 consecutive months of growth. ISM also said that the overall economy contracted, at a faster rate, in January, for the second consecutive month, which was preceded by 30 consecutive months of growth.