Latest posts about Institute for Supply Management
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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.
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 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.