ISM

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 May PMI, the index used by the ISM to measure growth, was up 0.1% to 54.9 (a reading of 50 or higher indicates growth), with the PMI now having grown for nine consecutive months.

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.

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 April PMI fell 2.4 percent in April to 54.8. Despite the decline, the PMI has indicated growth for the last eight consecutive months, and it is up 1.2 percent compared to the 12-month average of 53.6.

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 March PMI, the index used by the ISM to measure growth, was 57.2 in March (a reading of 50 or higher indicates growth), down 0.5 percent from February’s 57.7, which is the highest PMI reading going back to August 2014’s 57.9.

The February PMI, the index used by the ISM to measure growth, came in a 57.7 (a reading of 50 or higher indicates growth), which was 1.7 percent ahead of January, marking the highest monthly PMI reading going back to August 2014’s 57.9.

The NRF is calling for 2017 online and other non-store/online sales (which NRF includes in its over all number) to head up between 8 and 12 percent.

The January PMI, the index used by the ISM to measure growth, was up 1.5 percent over December by 1.5 percent at 56.0 (a reading of 50 or higher indicates growth) and its highest reading since November 2014’s 57.6.

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 PMI, the index used by the ISM to measure growth, came in at 54.7 in December, a 1.3 percent gain over November, as well as turning in the highest PMI reading since December 2014’s 54.9. December’s PMI is the highest over the last 12 months and is 3.2 percent above the 12-month average of 51.5, with the over all economy growing for 91 months in a row.

Supported by decent growth trends in recent months, the December 2016 Semiannual Economic Forecast issued today by the Institute for Supply Management makes it clear that the future looks fairly bright for both the manufacturing and non-manufacturing sectors.

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 PMI, the index used by the ISM to measure growth, was 53.2 in November, which was 1.3 percent ahead of October, while growing for the third straight month, as well as the highest level the PMI has reached, going back to February 2015’s 53.3. And the November PMI was 2.2 percent above the 12-month average of 51.0, with the over all economy growing for the 90th consecutive month.