Latest posts about Institute for Supply Management
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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.
Services economy ends 2021 on the right side of growth, reports ISM
January 6, 2022
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 62.0 (a reading of 50 Or Higher Signals Growth)—fell 7.1% compared to November’s all-time high reading of 69.1. The Services PMI grew for the 18th consecutive month, with services sector growth intact for 141 of the last 143 months through December.
Manufacturing ends 2021 with sequential decline but remains on a growth track
January 4, 2022
In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, was 58.7 (a reading of 50 or higher indicates growth), down 2.4% compared to November. This marks the 19th consecutive month of growth, at a slower rate, coupled with December also representing the 19th consecutive month of growth for the overall economy.
ISM Semiannual report issues positive 2022 outlook for manufacturing and services sectors
December 14, 2021
For manufacturing, ISM is estimating a 6.5% 2022 revenue gain, trailing the 7.2% estimate, for 2021, made in its previous report in May 2021. And on the services side, the report said that its panelists are calling for 2022 revenues to see a 4.3% annual gain, in line with 2021’s 4.8% increase.
October Services PMI hits a new all-time record, reports ISM
November 4, 2021
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 66.7 (a reading of 50 or higher signals growth)—topped September’s 61.9 by 4.8% and is the new all-time high. It also marks the fourth time in 2021 that a new record has been set, following July’s 64.1 reading, May’s 64 reading, and March’s 63.7 reading. The Services PMI grew for the 17th consecutive month, with services sector growth intact for 139 of the last 141 months.
Services economy remains on growth path in August, reports ISM
September 3, 2021
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 61.7 (a reading of 50 or higher indicates growth is occurring), down 2.4% compared to July’s all-time high reading, at 64.1, while growing for the 15th consecutive month, with services sector growth intact in 137 of the last 139 months.
Manufacturing stays on strong footing in August, reports ISM
September 1, 2021
In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, came in at 59.9 (a reading of 50 or higher indicates growth), increasing 0.4% from July’s 59.5 reading.
July ISM Services PMI reading hits a new record
August 4, 2021
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—set a new record, for the second time in the last three months in July, coming in at 64.1, a 4.0% gain over June’s 60.1, and growing, at a faster rate, for the 14th consecutive month.
July ISM manufacturing output heads down but remains at a high level
August 2, 2021
ISM said that the report’s key metric, the PMI, came in at 59.5 (a reading of 50 or higher indicates growth), falling 1.1% from June to July. This represented the 14th consecutive month of growth, at a slower rate, coupled with July also representing the 14th consecutive month of growth for the overall economy. The July PMI matched the 12-month average, for the PMI, at 59.5, with March’s 64.7 being the highest and August 2020’s 55.6 being the lowest for that period.
ISM Services PMI falls from May to June but remains strong
July 6, 2021
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 60.1 (a reading of 50 or higher indicates growth is occurring)—slipped 3.9% from May’s 64 reading, with the index growing, at a slower rate, for the 13th consecutive month, with economic growth in the services sector also growing for the 13th month in a row, with services sector growth intact in 135 of the last 137 months.
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%.
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.
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.