ISM

Membership and revenue gains for CSIA on the rise since 2009.

While sequential growth did not materialize to begin the year, manufacturing activity still remained in growth mode over all in January, according to the January edition of the Manufacturing Report on Business from the Institute for Supply Management (ISM).

The Institute for Supply Management reported (ISM) today that even with a slight decline from November non-manufacturing activity in December finished 2014 on steady terrain in its Non-Manufacturing Report on Business.

The ISM reported that the PMI, the report’s key index to measure growth, dropped 3.2 percent to 55.5 (a PMI of 50 or greater represents growth).

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 57.1 (a reading above 50 represents growth) in October, down 1.5 percent from September’s 58.6 and down 2.5 percent from August’s 59.6, which is the highest NMI reading since it was added to the report in January 2008.

The PMI, the ISM’s index to measure growth, headed up 2.4 percent to 59.0 in October (a PMI of 50 or greater represents growth), which erased the 2.4 percent decline in September’s PMI. October’s PMI matched August’s 59.0, which was just off its highest reading since March 2011’s 59.1.

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Even though some of its key metrics dropped sequentially from August to September, the outlook for manufacturing over all remains strong, according to the most recent edition of the Manufacturing Report on Business issued today by the Institute for Supply Management (ISM).

The NMI, the ISM’s index to measure growth, increased 2.7 percent to 58.7, which is its highest level since its inception in January 2008.

The PMI, the ISM’s index to measure growth, increased 1.8 percent to 57.1 in July. This is 1.8 percent higher than the 12-month average of 55.3. The PMI has grown in 18 of the last 20 months, with economic activity in the manufacturing sector expanding for the last 14 months as the overall economy was up for the 62nd consecutive month.

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The PMI saw a 1.2 increase from March to 54.9 in April, above the 12-month average of 54.4.

Even with some slippage for key metrics, the Institute for Supply Management (ISM) reported today the non-manufacturing activity in February remained on a growth path for the 49th consecutive month in its February Non-Manufacturing ISM Report on Business.

The PMI, the index used by the ISM to measure manufacturing activity, increased 1.9 percent to 53.2 in February.