Non-manufacturing

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.

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.

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.

The NMI index headed up 1.8% to 58.6 in May, 0.9% ahead of the 12-month average of 58.6.

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.

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.

As in May, the economic forecast paints an optimistic picture for ongoing economic growth as part of the recovery that began in mid-2009.

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—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.

Sticking to major themes echoed in its previous edition in December, the May edition of the Institute for Supply Management’s (ISM) Spring 2017 Semiannual Economic Forecast is pointing to continued growth in both the manufacturing and non-manufacturing sectors.

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 51.4 (a level of 50 or higher indicates growth) in August, which was down 4.1 percent from July.

Index 0.1 percent off from January, with economic activity in the non-manufacturing sector growing for the 73rd consecutive month.

ISM index 2.3% below December, while economic activity in the non-manufacturing sector continued to grow for the 72nd month in a row.