Latest posts about Services PMI
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Services PMI sees gains in July, reports ISM
August 3, 2022
The Services PMI came in at 56.5 (a reading of 50 or higher signals growth), up 1.4% compared to June, following a slight 0.6% decrease from May to June. The Services PMI showed growth, at a faster rate, for the 26th consecutive month, with services sector growth now remaining intact for 148 of the last 150 months through June, said ISM.
June Services PMI shows more growth but at a slightly reduced rate
July 6, 2022
The Services PMI came in at 55.3 (a reading of 50 or higher signals growth), down 0.6% compared to May, following a 1.2% decrease, from April to May. The Services PMI showed growth, at a slower rate, for the 25th consecutive month, with services sector growth now remaining intact for 147 of the last 149 months through June, said ISM.
May Services PMI falls but remains in growth mode, says ISM
June 6, 2022
The reading for the report’s key metric—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 55.9 (a reading of 50 or higher signals growth) was down 1.2% from April, matching the March to April decrease. The Services PMI showed growth, at a slower rate, for the 24th consecutive month, with services sector growth now remaining intact for 146 of the last 148 months through May, said ISM.
April Services PMI is down from March but still is strong, reports ISM
May 4, 2022
The reading for the report’s key metric— the Services PMI (formerly the Non-Manufacturing PMI)—came in at 57.1 (a reading of 50 or higher signals growth)—fell 1.2%, growing, at a slower rate, for the 23rd consecutive month. Services sector growth has remained intact for 145 of the last 147 months through April, said ISM.
Services sector growth eases in March but is still solid, notes ISM
April 5, 2022
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 58.3 (a reading of 50 or higher signals growth)—headed up 1.8%, growing, at a faster rate, for the 22nd consecutive month, snapping a three-month stretch of sequential declines. Services sector growth has remained intact for 144 of the last 146 months through March, said ISM.
Services economy output is solid in February despite sequential decline
March 3, 2022
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 55.1(a reading of 50 or higher signals growth)—fell 3.4% compared to January’s 59.9, marking the third consecutive month of sequential Service PMI declines. The Services PMI grew for the 21st consecutive month, with services sector growth intact for 143 of the last 145 months through January.
ISM report points to Services sector growth in January
February 3, 2022
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 59.9 (a reading of 50 or higher signals growth)—was off 2.4% compared to December’s 62.3. The Services PMI grew for the 20th consecutive month, with services sector growth intact for 142 of the last 144 months through December.
Services economy ends 2021 on the right side of growth, reports ISM
January 6, 2022
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.
October Services PMI hits a new all-time record, reports ISM
November 4, 2021
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.
September Services PMI reading points to growth, notes ISM
October 5, 2021
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.
Services economy remains on growth path in August, reports ISM
September 3, 2021
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.
July ISM Services PMI reading hits a new record
August 4, 2021
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 Services PMI falls from May to June but remains strong
July 6, 2021
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.
ISM Services PMI sets new record in May
June 3, 2021
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.
ISM Semiannual Economic Forecast for remainder of 2021 remains positive
May 21, 2021
For manufacturing, ISM is estimating a 7.2% in 2021 revenue gain, topping the 6.9% projection made in its previous report, and services revenue is pegged to increase 5.4% in 2021, topping the previous estimate of 1.6%.