ISM

The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 62.0 (a reading of 50 Or Higher Signals Growth)—fell 7.1% compared to November’s all-time high reading of 69.1. The Services PMI grew for the 18th consecutive month, with services sector growth intact for 141 of the last 143 months through December.

In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, was 58.7 (a reading of 50 or higher indicates growth), down 2.4% compared to November. This marks the 19th consecutive month of growth, at a slower rate, coupled with December also representing the 19th consecutive month of growth for the overall economy.

For manufacturing, ISM is estimating a 6.5% 2022 revenue gain, trailing the 7.2% estimate, for 2021, made in its previous report in May 2021. And on the services side, the report said that its panelists are calling for 2022 revenues to see a 4.3% annual gain, in line with 2021’s 4.8% increase.

For its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, was 61.1 (a reading of 50 or higher indicates growth), up 0.3% compared to October’s 60.8 reading.

The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 66.7 (a reading of 50 or higher signals growth)—topped September’s 61.9 by 4.8% and is the new all-time high. It also marks the fourth time in 2021 that a new record has been set, following July’s 64.1 reading, May’s 64 reading, and March’s 63.7 reading. The Services PMI grew for the 17th consecutive month, with services sector growth intact for 139 of the last 141 months.

In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, was 60.8 1 (a reading of 50 or higher indicates growth), off 0.3% from September’s 61.1 reading. This represented the 17th consecutive month of growth, at a faster rate, coupled with October also representing the 17th consecutive month of growth for the overall economy.

The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 61.9 (a reading of 50 or higher indicates growth is occurring), up 0.2% compared to August and in close range to July’s all-time high reading, at 64.1. The Services PMI grew for the 16th consecutive month, with services sector growth intact in 138 of the last 140 months.

This represented the 16th consecutive month of growth, at a faster rate, coupled with September also representing the 16th consecutive month of growth for the overall economy.

The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 61.7 (a reading of 50 or higher indicates growth is occurring), down 2.4% compared to July’s all-time high reading, at 64.1, while growing for the 15th consecutive month, with services sector growth intact in 137 of the last 139 months.

In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, came in at 59.9 (a reading of 50 or higher indicates growth), increasing 0.4% from July’s 59.5 reading.

The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—set a new record, for the second time in the last three months in July, coming in at 64.1, a 4.0% gain over June’s 60.1, and growing, at a faster rate, for the 14th consecutive month.

ISM said that the report’s key metric, the PMI, came in at 59.5 (a reading of 50 or higher indicates growth), falling 1.1% from June to July. This represented the 14th consecutive month of growth, at a slower rate, coupled with July also representing the 14th consecutive month of growth for the overall economy. The July PMI matched the 12-month average, for the PMI, at 59.5, with March’s 64.7 being the highest and August 2020’s 55.6 being the lowest for that period.

The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 60.1 (a reading of 50 or higher indicates growth is occurring)—slipped 3.9% from May’s 64 reading, with the index growing, at a slower rate, for the 13th consecutive month, with economic growth in the services sector also growing for the 13th month in a row, with services sector growth intact in 135 of the last 137 months.

Highlights from ISM's fourth round of research on the virus' effects on global supply chains

The Institute for Supply Management (ISM) said today in its Services ISM Report on Business that services sector economic growth saw another strong month in May, reaching its highest level on record. The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 64 (a reading of 50 or higher indicates growth is occurring) —headed up 1.3% from April to May, with the index growing, at a faster rate, for the twelfth consecutive month.