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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.
Manufacturing growth remains intact in November, says ISM
December 1, 2020
In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, came in at 57.5 (a reading of 50 or higher indicates growth), which was 1.8% below October’s 59.3, while the overall economy expanded for the seventh consecutive month.
October Services PMI sees growth, says ISM
November 4, 2020
The report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 56.6 (a reading of 50 or higher indicates growth is occurring), in October, following a 0.9% increase in September, a 1.2% August decline, and a 1% gain in July.
October manufacturing output hits highest level in more than a year, says ISM
November 2, 2020
In its monthly Manufacturing Report on Business, ISM said that the report’s key metrics, the PMI, hit 59.3 (a reading of 50 or higher indicates growth), which topped September’s 55.4 by 3.9%, while growing at a faster rate for the fifth consecutive month, while the overall economy grew for the sixth consecutive month.
September Services PMI remains on growth track, says ISM
October 5, 2020
The report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—inched up 0.9%, to 57.8 (a reading of 50 or higher indicates growth is occurring), in September. This followed a 1.2% August decline and a 1% gain in July.
ISM report points to strong August manufacturing output
October 1, 2020
In its monthly Manufacturing Report on Business, ISM reported that the report’s key metric, the PMI, came in at 55.4 (a reading of 50 or higher indicates growth), which was nearly even with August’s 56.0 reading. And it added that the overall economy was up for the 131st consecutive month. The September PMI is 5.6% above the 12-month average of 49.8 and stands as the second-highest monthly reading over that period, behind August.
ISM report highlights solid manufacturing growth in August
September 1, 2020
ISM reported that the report’s key metric, the PMI, was 56 (a reading of 50 or higher indicates growth), which topped July’s reading by 1.8%.
Non-manufacturing sees June gains but COVID-19-related concerns remain
July 7, 2020
The report’s key indicator—the NMI—saw an 11.7% increase to 57.1 (a reading of 50 or higher indicates growth is occurring), halting a two-month stretch of declines, which was preceded by 122 consecutive months of expansion.
ISM points to June manufacturing gains, but concerns remain intact
July 1, 2020
In its monthly Manufacturing Report on Business, ISM reported that the report’s key metric, the PMI, came in at 52.6 (a reading of 50 or higher indicates growth), which marked a 9.5% improvement over May’s 43.1 and a 12.7% gain over April’s 39.9 reading.
Non-manufacturing shows growth but recent events cloud outlook, says ISM
June 3, 2020
In an interview, Tony Nieves, chair of the ISM’s Non-Manufacturing Business Survey Committee, said that prior to the recent civil unrest and events of the past week, related to the death of George Floyd in Minneapolis, non-manufacturing seemed like it may have been on a path to recovery.
ISM semiannual report presents a tough outlook for manufacturing and non-manufacturing
May 15, 2020
While its predecessor report, which was released in December, issued a positive 2020 growth outlook for the manufacturing and non-manufacturing sectors, the new edition of the Institute for Supply Management’s (ISM) Semiannual Economic Forecast, which was issued today, tells a much different story, due to the ongoing COVID-19 pandemic.