Non-manufacturing

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.

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.

Despite what can be viewed as continually fluctuating economic conditions, the December 2015 Semiannual Economic Forecast presented an optimistic outlook for the the manufacturing and non-manufacturing sectors in 2016.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 59.1 in October (a level of 50 or higher indicates growth), up 2.2 percent over September’s 56.9 and down 1.2 percent compared to July’s 60.3, which is its highest reading since January 2008.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 56.0 in June, which edged out May by 0.3 percent.

Growth firmly remains in the cards for both the manufacturing and non-manufacturing sectors in 2015. That was the main takeaway from the December 2014 Semiannual Economic Forecast from the Institute for Supply Management (ISM), which, in many ways, picked up where its companion Spring 2014 report published last April left off.