NMI

The index ISM uses to measure non-manufacturing growth—known as the NMI—rose 4.5% to 59.8 (a reading above 50 indicates growth), following August’s 1.4% gain over July for its highest reading going back to August 2005’s 61.3. The PMI has now grown for 93 consecutive months and is 3.3% higher than the 12-month average of 56.5.

Coming off a decline from June to July, some ground was made up in August, according to the most recent edition of the Institute for Supply Management’s (ISM) Non-Manufacturing Report on Business

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 56.9 in May, down 0.6% from April’s 57.5, which was its highest level since February 2015, while still growing for the 89th consecutive month. The May NMI is 1% higher than the 12-month average of 55.9.

The index ISM uses to measure non-manufacturing growth—known as the NMI—came in at 57.5, which topped March’s 55.2 while growing for the 88th consecutive month. And the NMI is 1.9 percent above the 12-month average of 55.6 and at its highest level going back to February 2015.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 55.2 (a reading of 50 or higher indicates growth) in March, down 2.4 percent from February’s 57.6, the highest NMI going back to October 2015.

The index ISM uses to measure non-manufacturing growth—known as the NMI—came in at 57.2 in December (a reading of 50 or higher indicates growth), matching November’s reading, while eclipsing the 12-month average of 55.0 and remaining at its highest level over the last 12 months, with the highest reading prior to that being October 2015’s 59.1.

The index ISM uses to measure non-manufacturing growth—known as the NMI—rose 2.4 percent to 57.2 in November, topping the 12-month average of 54.9 and the highest NMI reading in the last 12 months. This is the highest NMI going back to October 2015, when it was at 59.1.

The index ISM uses to measure non-manufacturing growth—known as the NMI—came in at 54.8 (a level of 50 or higher indicates growth), down 2.3 percent from September, with economic growth for the non-manufacturing sector now intact for 81 consecutive months. The October NMI is even with the 12-month average of 54.8.

September showed strong gains for non-manufacturing activity, according to data issued by the Institute for Supply Management (ISM) in its Non-Manufacturing Report on Business. Like its sibling Manufacturing Report on Business.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 55.7 in April (a level of 50 or higher indicates growth), which was up 1.2 percent compared to March, with economic activity in the non-manufacturing sector growing for the 75th consecutive month. The April PMI is 0.5 percent above the 12-month average of 56.2.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 55.3 in December (a level of 50 or higher indicates growth), was dropped 0.6 percent from November.

The index ISM uses to measure non-manufacturing growth—known as the NMI—came in at 55.9 in November (a level of 50 or higher indicates growth), which was down 3.2 percent compared to October. The PMI is 1.4 percent below the 12-month average of 57.3.

The index ISM uses to measure non-manufacturing growth—known as the NMI—came in at 56.9 in September (a level of 50 or higher indicates growth), a 2.1 percent decrease from August’s 59.0, and 3.4 percent off from July’s 60.3, which is its highest reading since January 2008.

While core metrics were down from a very impressive July, the August edition of the Non-Manufacturing Report on Business from the Institute of Supply Management (ISM) was still very strong.

Employment, business activity, production and new order indexes set new records, some of which go back to 2004.