ISM

As in May, the economic forecast paints an optimistic picture for ongoing economic growth as part of the recovery that began in mid-2009.

Institute for Supply Management’s Manufacturing Report on Business points to the 102nd growth month.

The index ISM uses to measure non-manufacturing growth—known as the NMI—rose 4.5% to 59.8 (a reading above 50 indicates growth), following August’s 1.4% gain over July for its highest reading going back to August 2005’s 61.3. The PMI has now grown for 93 consecutive months and is 3.3% higher than the 12-month average of 56.5.

The PMI index increased 2.0% to 60.8, the 13th straight month of growth.

In its Supplemental ISM Report on Business Hurricane Harvey Report, the ISM asked members of its Manufacturing and Non-Manufacturing Business Survey Committees to assess how Harvey may impact various business metrics and whether they may be impacted by shortages of input materials resultant from Harvey.

Coming off a decline from June to July, some ground was made up in August, according to the most recent edition of the Institute for Supply Management’s (ISM) Non-Manufacturing Report on Business

The PMI index declined 3.5% to 53.9 in July, coming off June’s 57.4, which is its highest level since February 2015.

While falling short of June’s pace, manufacturing output began the second half of 2017 in decent shape, according to data issued in the Institute for Supply Management’s (ISM) monthly Manufacturing Report on Business.

The index ISM uses to measure non-manufacturing growth—known as the NMI—rose 0.5% to 57.4 in June, which is its highest level since February 2015 and growing for the 90th consecutive month. June’s NMI is 1.4% above the 12-month average of 56.0.

The June PMI, the index used by the ISM to measure growth, rose 2.9% to 57.8 (a reading of 50 or higher indicates growth), with the PMI now having grown for ten consecutive months, with the over all economy growing for 97 consecutive months. The June PMI is at its highest level going back to August 2014’s 57.9

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 56.9 in May, down 0.6% from April’s 57.5, which was its highest level since February 2015, while still growing for the 89th consecutive month. The May NMI is 1% higher than the 12-month average of 55.9.

The May PMI, the index used by the ISM to measure growth, was up 0.1% to 54.9 (a reading of 50 or higher indicates growth), with the PMI now having grown for nine consecutive months.

Sticking to major themes echoed in its previous edition in December, the May edition of the Institute for Supply Management’s (ISM) Spring 2017 Semiannual Economic Forecast is pointing to continued growth in both the manufacturing and non-manufacturing sectors.

The index ISM uses to measure non-manufacturing growth—known as the NMI—came in at 57.5, which topped March’s 55.2 while growing for the 88th consecutive month. And the NMI is 1.9 percent above the 12-month average of 55.6 and at its highest level going back to February 2015.

The April PMI fell 2.4 percent in April to 54.8. Despite the decline, the PMI has indicated growth for the last eight consecutive months, and it is up 1.2 percent compared to the 12-month average of 53.6.