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Services economy output grows in October while declining sequentially, says ISM
November 3, 2022
The Services PMI—at 54.4 (a reading of 50 or higher signals growth)—fell 2.3% compared to September, growing, at a slower rate, for the 29th consecutive month, with services sector growth intact for 151 of the last 153 months through October. What’s more, the October Services PMI reading came in at its lowest level going back to May 2020’s 45.2.
September Services sector activity stays solid, reports ISM
October 5, 2022
The Services PMI—at 56.7 (a reading of 50 or higher signals growth)—was down 0.2% compared to August, growing, at a slower rate, for the 28th consecutive month, with month, with services sector growth intact for 150 of the last 152 months through September.
August Services PMI turns in a strong reading reports ISM
September 6, 2022
The Services PMI—at 56.9 (a reading of 50 or higher signals growth)—edged out the July reading by 0.2%, growing, at a faster rate, for the 27th consecutive month, with services sector growth intact for 149 of the last 151 months through August.
Services PMI sees gains in July, reports ISM
August 3, 2022
The Services PMI came in at 56.5 (a reading of 50 or higher signals growth), up 1.4% compared to June, following a slight 0.6% decrease from May to June. The Services PMI showed growth, at a faster rate, for the 26th consecutive month, with services sector growth now remaining intact for 148 of the last 150 months through June, said ISM.
July manufacturing output falls slightly but still growing, reports ISM
August 1, 2022
The July PMI reading is 4.8% below the 12-month average of 57.6, and it represents the lowest reading over the last 12 months and also the lowest going back to June 2020’s 52.4. The high over the last 12-month period is January’s 57.6.
June Services PMI shows more growth but at a slightly reduced rate
July 6, 2022
The Services PMI came in at 55.3 (a reading of 50 or higher signals growth), down 0.6% compared to May, following a 1.2% decrease, from April to May. The Services PMI showed growth, at a slower rate, for the 25th consecutive month, with services sector growth now remaining intact for 147 of the last 149 months through June, said ISM.
May Services PMI falls but remains in growth mode, says ISM
June 6, 2022
The reading for the report’s key metric—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 55.9 (a reading of 50 or higher signals growth) was down 1.2% from April, matching the March to April decrease. The Services PMI showed growth, at a slower rate, for the 24th consecutive month, with services sector growth now remaining intact for 146 of the last 148 months through May, said ISM.
April Services PMI is down from March but still is strong, reports ISM
May 4, 2022
The reading for the report’s key metric— the Services PMI (formerly the Non-Manufacturing PMI)—came in at 57.1 (a reading of 50 or higher signals growth)—fell 1.2%, growing, at a slower rate, for the 23rd consecutive month. Services sector growth has remained intact for 145 of the last 147 months through April, said ISM.
April manufacturing output declines but still showing overall growth, notes ISM
May 2, 2022
The report’s key metric, the PMI, had a reading of 55.4 (a reading of 50 or higher indicates growth), down 1.7% compared to March’s 57.1, while marking the 23rd consecutive month of growth, at a slower rate, as well as the 23rd consecutive month of overall economic growth.
Services sector growth eases in March but is still solid, notes ISM
April 5, 2022
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 58.3 (a reading of 50 or higher signals growth)—headed up 1.8%, growing, at a faster rate, for the 22nd consecutive month, snapping a three-month stretch of sequential declines. Services sector growth has remained intact for 144 of the last 146 months through March, said ISM.
Resetting your maintenance repair and operations (MRO) strategy
March 8, 2022
In this transcript of an ISM-sponsored Webcast, Andrew Kelley and Rob Fijalkowski discuss spare parts strategy during Covid and the future.
Services economy output is solid in February despite sequential decline
March 3, 2022
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 55.1(a reading of 50 or higher signals growth)—fell 3.4% compared to January’s 59.9, marking the third consecutive month of sequential Service PMI declines. The Services PMI grew for the 21st consecutive month, with services sector growth intact for 143 of the last 145 months through January.
ISM reports strong February manufacturing output
March 1, 2022
The report’s key metrics, the PMI, came in at 58.6 (a reading of 50 or higher indicates growth), posting a 1.0% gain over January, marking the 21st consecutive month of growth, at a faster rate, as well as the 21st consecutive month of overall economic growth.
ISM report points to Services sector growth in January
February 3, 2022
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 59.9 (a reading of 50 or higher signals growth)—was off 2.4% compared to December’s 62.3. The Services PMI grew for the 20th consecutive month, with services sector growth intact for 142 of the last 144 months through December.
Manufacturing begins 2022 with continued growth, reports ISM
February 1, 2022
In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, at 57.6 (a reading of 50 or higher indicates growth), was down 1.2% compared to December’s 58.8. This marks the 20th consecutive month of growth, at a slower rate, coupled with January also representing the 20th consecutive month of growth for the overall economy.