April Services PMI is off from March but still is strong, reports ISM

While coming in slightly below March’s levels, services economy activity, for the month of April, remained strong, according to the most recent edition of the Services ISM Report on Business, which was issued today by the Institute for Supply Management (ISM). The reading for the report’s key metric— the Services PMI (formerly the Non-Manufacturing PMI)—came… Continue reading April Services PMI is off from March but still is strong, reports ISM

April manufacturing output declines but still showing overall growth, reports ISM

While seeing a modest sequential decline, April manufacturing output remained on the right side of growth, according to the most recent edition of the Manufacturing Report on Business, which was issued today by the Institute for Supply Management (ISM).   The report’s key metric, the PMI, had a reading of 55.4 (a reading of 50… Continue reading April manufacturing output declines but still showing overall growth, reports ISM

Services economy trends down in February while growth remains strong

February services economy activity remained on the right side of growth, although it declined compared to January, according to the February edition of the Services ISM Report on Business, which was issued today by the Institute for Supply Management (ISM). The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 55.1(a reading… Continue reading Services economy trends down in February while growth remains strong

ISM reports solid February manufacturing output

Manufacturing output in February turned in another solid performance, according to the most recent edition of the Manufacturing Report on Business, which was issued today by the Institute for Supply Management (ISM). The report’s key metric, the PMI, came in at 58.6 (a reading of 50 or higher indicates growth), posting a 1.0% gain over… Continue reading ISM reports solid February manufacturing output

ISM report shows Services sector growth in January

Services economy activity solidly kicked off 2022, according to the January edition of the Services ISM Report on Business, which was issued today by the Institute for Supply Management (ISM). 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… Continue reading ISM report shows Services sector growth in January

Manufacturing starts 2022 with continued growth, reports ISM

January manufacturing output started 2022 on a solid growth path despite coming in slightly lower than December’s pace. In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, at 57.6 (a reading of 50 or higher indicates growth), was down 1.2% compared to December’s 58.8. This marks the 20th… Continue reading Manufacturing starts 2022 with continued growth, reports ISM