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Despite small decline, Services economy remained strong in April, notes ISM
May 5, 2021
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 62.7 (a reading of 50 or higher indicates growth is occurring) in April. This marks a 1.0% decline from March’s 63.7, which was the highest reading since October 2018’s 60.9, and marks the eleventh consecutive month of services sector growth, at a slower rate. Services sector growth has seen gains in 133 of the last 135 months.
Services economy sets new records in March, ISM reports
April 5, 2021
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 63.7 (a reading of 50 or higher indicates growth is occurring) in March, an 8.4% increase over February’s 55.3. This reading represents the tenth consecutive month of services sector growth, at a faster rate, as well as its highest monthly reading going back to October 2018’s 60.9. Services sector growth has seen gains in 132 of the last 134 months.
Economic services activity begins 2021 with growth, notes ISM
February 3, 2021
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 58.7 (a reading of 50 or higher indicates growth is occurring)—marking a 1.0% gain over December.
ISM report points to services sector growth in December
January 7, 2021
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 57.2 (a reading of 50 or higher indicates growth is occurring) was up 1.3% compared to November.
ISM reports growth for services-based economy in November remains intact
December 3, 2020
The November Services PMI is 1.7% above the 12-month average of 54.2, with the highest reading over that span being July’s 58.1 reading and the lowest being April’s 41.8. Services sector growth has seen gains in 128 of the last 130 months, with the exception of May and June of this year.
October Services PMI sees growth, says ISM
November 4, 2020
The report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 56.6 (a reading of 50 or higher indicates growth is occurring), in October, following a 0.9% increase in September, a 1.2% August decline, and a 1% gain in July.
