Non-manufacturing

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 53.5 in April, down 2.5 percent from March’s 56.0.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 56.0 in March, down 1.3 percent from February’s 57.3, which was the highest NMI reading since January 2011. With the March NMI firmly above 50, economic activity in the non-manufacturing sector has grown for the last 27 months, according to ISM.

The January NMI—at 57.3—is up 0.5 percent over January and is at its highest level since reaching 58.3 in January 2011.

Non-manufacturing activity is off to a good start in 2012, based on the results of the Institute for Supply Management’s January NMI, its index for measuring the sector’s overall health.

While November marked the two-year anniversary of consecutive growth in the non-manufacturing sector, December made sure the push for three straight growth years got moving in the right direction, according to the Institute for Supply Management (ISM).

While the economic recovery is showing some encouraging signs of late, it received another one this week in the form of the Institute of Supply Management’s Semiannual Economic Forecast.

The ISM’s index for measuring the sector’s overall health—known as the NMI—hit 52 in November, down slightly from October’s 52.9.

The Institute of Supply Management reported today in its December Non-Manufacturing Report on Business that the non-manufacturing sector remained on a growth path for the 12th straight month. The ISM’s index for measuring the sector’s overall health—known at the NMI—was 57.1 in December, a 2.1 percent increase from November. Like the ISM’s Manufacturing Report on Business, a reading above 50 represents growth.

The Institute of Supply Management’s recent report shows growth for 11 consecutive months.

The Institute of Supply Management’s (ISM) Non-Manufacturing Report on Business for October continued the momentum it showed in September.

Like its companion report, which focuses on the manufacturing sector, the Institute of Supply Management’s (ISM) June report on the non-manufacturing sector showed continued growth albeit at a reduced rate.

Following a 2.4 percent gain from February to March, the April report on the non-manufacturing sector from the Institute for Supply Management stated that its index for measuring the sector’s overall health—also known as the NMI—came in at 55.4 percent for the second straight month.