Latest posts about ISM
Page 5 of 22 pages.
Manufacturing stays on a growth track in May, reports ISM
June 2, 2021
ISM said that the report’s key metric, the PMI, at 61.2 (a reading of 50 or higher indicates growth), saw a 0.5% increase, from April to May. This marked the twelfth consecutive month of PMI growth, coupled with May also representing the twelfth consecutive month of growth for the overall economy.
ISM Semiannual Economic Forecast for remainder of 2021 remains positive
May 21, 2021
For manufacturing, ISM is estimating a 7.2% in 2021 revenue gain, topping the 6.9% projection made in its previous report, and services revenue is pegged to increase 5.4% in 2021, topping the previous estimate of 1.6%.
Despite small decline, Services economy remained strong in April, notes ISM
May 5, 2021
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 62.7 (a reading of 50 or higher indicates growth is occurring) in April. This marks a 1.0% decline from March’s 63.7, which was the highest reading since October 2018’s 60.9, and marks the eleventh consecutive month of services sector growth, at a slower rate. Services sector growth has seen gains in 133 of the last 135 months.
ISM: Manufacturing output stays strong in April
May 4, 2021
In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, at 60.7 (a reading of 50 or higher indicates growth) was down 4% compared to March’s 64.7 reading, which marked the highest reading since November 1983’s 66. This marked the eleventh consecutive of PMI growth, coupled with April representing the eleventh consecutive month of growth for the overall economy.
Services economy sets new records in March, ISM reports
April 5, 2021
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 63.7 (a reading of 50 or higher indicates growth is occurring) in March, an 8.4% increase over February’s 55.3. This reading represents the tenth consecutive month of services sector growth, at a faster rate, as well as its highest monthly reading going back to October 2018’s 60.9. Services sector growth has seen gains in 132 of the last 134 months.
March manufacturing output shines, reports ISM
April 1, 2021
In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, came in at 64.7 (a reading of 50 or higher indicates growth), which topped February’s 60.8 by 3.9%. This marked the tenth consecutive of PMI growth, coupled with March representing the tenth consecutive month of growth for the overall economy.
ISM report indicates ongoing growth for services-based economy in February
March 3, 2021
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 55.5 (a reading of 50 or higher indicates growth is occurring) in February, which was off 3.4% compared to January’s 58.7 reading, which was the highest reading since July 2020’s 58.1.
Manufacturing output sees strong February growth, reports ISM
March 1, 2021
In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, was 60.8 (a reading of 50 or higher indicates growth), which was 2.1% higher than January’s 58.7, and matched the 60.8 PMI recorded in February 2018, with the overall economy growing for the ninth consecutive month.
Economic services activity begins 2021 with growth, notes ISM
February 3, 2021
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 58.7 (a reading of 50 or higher indicates growth is occurring)—marking a 1.0% gain over December.
Manufacturing growth remains strong in January, reports ISM
February 1, 2021
In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, came in at 58.7 (a reading of 50 or higher indicates growth), which was 1.8% below December’s 60.5, with both the PMI and the overall economy each growing, at a slower rate, for the eighth consecutive month. The January PMI reading is 5.6% above the 12-month average of 53.1.
ISM report highlights manufacturing and services sector growth in 2021
January 19, 2021
Coming off of 2020, which saw myriad ebbs and flows related to the ongoing COVID-19 pandemic, 2021 is expected to point in the direction of economic improvement, for both the manufacturing and services sectors, according to the new edition of the Institute for Supply Management’s (ISM) Semiannual Economic Forecast.
ISM report points to services sector growth in December
January 7, 2021
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 57.2 (a reading of 50 or higher indicates growth is occurring) was up 1.3% compared to November.
ISM report says manufacturing finishes on solid footing amid an uneven 2020
January 5, 2021
In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, came in at 60.7 (a reading of 50 or higher indicates growth), which was 3.2% above November’s 57.5, while the overall economy expanded for the eighth consecutive month.
ISM reports says manufacturing finishes 2020 on solid footing amid an uneven year
January 4, 2021
In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, came in at 60.7 (a reading of 50 or higher indicates growth), which was 3.2% above November’s 57.5, while the overall economy expanded for the eighth consecutive month.
ISM reports growth for services-based economy in November remains intact
December 3, 2020
The November Services PMI is 1.7% above the 12-month average of 54.2, with the highest reading over that span being July’s 58.1 reading and the lowest being April’s 41.8. Services sector growth has seen gains in 128 of the last 130 months, with the exception of May and June of this year.