ISM

The index ISM uses to measure non-manufacturing growth—known as the NMI– fell 3.6% to 56.1 (a reading of 50 or higher indicates growth is occurring) in March, following a 3% gain from January to February.

March manufacturing output finished on an upswing in the first quarter, with the PMI up 1.1% to 55.3 following a 2.4% decrease from January to February.

The index ISM uses to measure non-manufacturing growth—known as the NMI–rose 3.0% to 59.7 (a reading of 50 or higher indicates growth is occurring), following a 1.3% decline to 56.7 from December to January. This reading represents the 109th consecutive month of NMI growth, with February’s NMI up 1.0% compared to the 12-month average of 58.7.

Key indicators for manufacturing were not available for December due to the government shutdown, but those that were point to continued growth at a slower pace in 2019.

The index ISM uses to measure non-manufacturing growth—known as the NMI–dropped 1.3% to 56.7 in January compared to December’s 58. This marks the 108th consecutive month of growth for the NMI, with the January NMI off 2% compared to the 12-month average of 58.7.

PMI increases 2.3% to 56.3 following a 5.2% decline in December. The index has now grown for 29 consecutive months, with the overall economy now having grown for 117 consecutive months.

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ELFA president noted demand, abundant funding in the credit markets and quality portfolios as contributors to a healthy equipment finance sector in 2018.

Non-manufacturing activity in December finished 2018 with a decrease compared to November, while still maintaining a prolonged stretch of growth, according to the Non-Manufacturing Report on Business, which was issued by the Institute for Supply Management (ISM) today.

Manufacturing output for the month of December finished 2018 on a downward slide, according to the monthly manufacturing Report on Business, which was released today by the Institute for Supply Management (ISM). The report’s key metric, the PMI, dropped 5.2% to 54.1 (a reading of 50 or higher indicates growth). Even with the decline, the index has now grown for 28 consecutive months, with the overall economy now having grown for 116 consecutive months.

Optimism for the manufacturing and non-manufacturing sectors, in 2019, is firmly intact, albeit not at the same level as 2018, according to the Institute for Supply Management’s (ISM) Semiannual Economic Forecast, which was released this week.

The index ISM uses to measure non-manufacturing growth—known as the NMI–rose 0.4% to 60.7 (a reading above 50 indicates growth), following a 1.3% decline in October (coming off of September’s all-time high of 61.6), and grew for the 106th consecutive month. The November NMI is 1.8% above the 12-month average of 58.8.

The report’s key metric, the PMI, rose 1.6% to 59.3 (a reading of 50 or higher indicates growth) while the index has grown for 27 consecutive months, with the overall economy now having grown for 115 consecutive months.

With 1,144,033 shipments, October was up 11.9% annually, which Panjiva said marks the fastest rate of growth for monthly shipments going back to March 2014.

The PMI fell 2.1% to 57.7, showing growth for the 26th consecutive month and the overall economy now having grown for 114 consecutive months.