Latest posts about Non-manufacturing
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Non-manufacturing slips in July but still growing, says ISM
August 5, 2019
The index ISM uses to measure non-manufacturing growth—known as the NMI—fell 1.4% to 53.7 (a reading of 50 or higher indicates growth is occurring) in July. This reading represents the 114th consecutive month of NMI growth, with July’s NMI down 3.9% compared to the 12-month average of 57.6. July’s reading is the lowest over that span.
Non-manufacturing index slips but finishes first half of year with growth
July 3, 2019
The index ISM uses to measure non-manufacturing growth—known as the NMI—slipped 1.8% to 55.1 (a reading of 50 or higher indicates growth is occurring). This reading represents the 113th consecutive month of NMI growth, with June’s NMI down 2.8% compared to the 12-month average of 57.9. June’s reading is the lowest over that span.
ISM semiannual report predicts manufacturing and non-manufacturing growth in 2019
May 8, 2019
Forecast of continued growth in both the manufacturing and non-manufacturing sectors is based on feedback from U.S.-based purchasing and supply chain executives.
Non-manufacturing output dips but is still growing, reports ISM
April 3, 2019
The index ISM uses to measure non-manufacturing growth—known as the NMI– fell 3.6% to 56.1 (a reading of 50 or higher indicates growth is occurring) in March, following a 3% gain from January to February.
ISM reports a mild dip in January non-manufacturing output
February 5, 2019
The index ISM uses to measure non-manufacturing growth—known as the NMI–dropped 1.3% to 56.7 in January compared to December’s 58. This marks the 108th consecutive month of growth for the NMI, with the January NMI off 2% compared to the 12-month average of 58.7.
Non-manufacturing output drops in December but shows growth for all of 2018
January 7, 2019
Non-manufacturing activity in December finished 2018 with a decrease compared to November, while still maintaining a prolonged stretch of growth, according to the Non-Manufacturing Report on Business, which was issued by the Institute for Supply Management (ISM) today.
Growth for 2019 remains in the cards, says ISM Semiannual Economic Forecast
December 11, 2018
Optimism for the manufacturing and non-manufacturing sectors, in 2019, is firmly intact, albeit not at the same level as 2018, according to the Institute for Supply Management’s (ISM) Semiannual Economic Forecast, which was released this week.
ISM data points to strong non-manufacturing output in November
December 6, 2018
The index ISM uses to measure non-manufacturing growth—known as the NMI–rose 0.4% to 60.7 (a reading above 50 indicates growth), following a 1.3% decline in October (coming off of September’s all-time high of 61.6), and grew for the 106th consecutive month. The November NMI is 1.8% above the 12-month average of 58.8.
ISM reports solid non-manufacturing growth in May
June 5, 2018
The NMI index headed up 1.8% to 58.6 in May, 0.9% ahead of the 12-month average of 58.6.
ISM Semiannual Economic Forecast looks at 2018 as a growth year
May 7, 2018
ISM estimates a 6.6% gain in 2018 manufacturing revenue, ahead of December's 5.1% reading. Non-manufacturing revenues expected to rise 3.2% in 2018.
ISM reports March non-manufacturing activity remains on solid footing
April 4, 2018
NMI index fell 0.7% to 58.8 in March, slightly below February’s 59.5 following January’s all-time high of 59.9.
ISM semiannual report presents a positive outlook for manufacturing and non-manufacturing in 2018
December 11, 2017
As in May, the economic forecast paints an optimistic picture for ongoing economic growth as part of the recovery that began in mid-2009.
ISM reports September non-manufacturing output is at highest level since 2005
October 4, 2017
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.
August non-manufacturing activity heads up, reports ISM
September 6, 2017
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
ISM reports non-manufacturing growth in June
July 6, 2017
The index ISM uses to measure non-manufacturing growth—known as the NMI—rose 0.5% to 57.4 in June, which is its highest level since February 2015 and growing for the 90th consecutive month. June’s NMI is 1.4% above the 12-month average of 56.0.