Institute for Supply Management News & Resources
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Services sector activity sees continued growth in February, ISM reports
March 5, 2024
The Services PMI, at 52.6 (a reading of 50 or higher signals growth), fell 0.8% in February, while growing, at a slower rate, for the 14th consecutive month. This marks growth in 44 of the last 45 months, with December 2022 being the one month with a decline over that period.
Services sector activity sees continued growth in February, reports ISM
March 5, 2024
The Services PMI, at 52.6 (a reading of 50 or higher signals growth), fell 0.8% in February, while growing, at a slower rate, for the 14th consecutive month. This marks growth in 44 of the last 45 months, with December 2022 being the one month with a decline over that period. ISM added that the overall economy, like the January Services PMI, saw growth, at a slower rate, for the 14th consecutive month as well.
February manufacturing output declines, reports ISM
March 1, 2024
The report’s benchmark metric, the PMI came in at 47.8 (a reading of 50 or higher indicates growth), down 1.3% compared to January’s 49.1 reading, contracting, at a faster rate, for the 16th consecutive month.
Services economy starts 2024 strongly, reports ISM
February 5, 2024
The Services PMI, at 53.4 (a reading of 50 or higher signals growth), was up 2.9% in January, growing, at a faster rate, for the 13th consecutive month. This marks growth in 43 of the last 44 months, with December 2022 being the one month with a decline over that period. ISM added that the overall economy, like the January Services PMI, saw growth, at a faster rate, for the 13th consecutive month as well.
Services economy gets off to a solid start in 2024, reports ISM
February 5, 2024
The Services PMI, at 53.4 (a reading of 50 or higher signals growth), was up 2.9% in January, growing, at a faster rate, for the 13th consecutive month. This marks growth in 43 of the last 44 months, with December 2022 being the one month with a decline over that period. ISM added that the overall economy, like the January Services PMI, saw growth, at a faster rate, for the 13th consecutive month as well.
January manufacturing output gets closer to growth territory, reports ISM
February 1, 2024
The report’s benchmark metric, the PMI, came in at 49.1 (a reading of 50 or higher indicates growth), up 2.0% over January’s 47.1 reading, contracting, at a slower rate, for the 15th consecutive month. The past 15 months of contraction were preceded by a stretch of 28 consecutive months of growth. ISM also said that the overall economy grew in January, at a faster rate, for the 45th consecutive month.
Services economy activity finishes 2023 with growth, reports ISM
January 8, 2024
The Services PMI, at 50.6 (a reading of 50 or higher signals growth), fell 2.1% compare to November’s 52.7 reading, growing, at a slower rate, for the 12th consecutive month. ISM observed that the services sector and the overall economy have each been growing, at a slower rate, for the 12th consecutive month, through December.
ISM Semiannual report calls for continued economic output into 2024
December 15, 2023
Even though the manufacturing and service sectors have been on diverging paths in 2023, with manufacturing having contracted for 13 consecutive months and services having grown for 11 consecutive months, respectively, through November,one common theme they share is expectations for growth in 2022. That is a key takeaway from the Institute for Supply Management’s (ISM) December 2023 Semiannual Economic Forecast.
Services sector sees growth for the 11th consecutive month, reports ISM
December 5, 2023
The Services PMI—at 52.7 (a reading of 50 or higher signals growth)—increased 0.9, growing, at a faster rate, for the 11th consecutive month. ISM said that the services sector has seen growth in 41 of the last 42 months, with December 2022 being the one month with a decline.
Manufacturing output is flat from October to November, notes ISM
December 1, 2023
The report’s benchmark metric, the PMI, matched October’s reading, at 46.7 (a reading of 50 or higher indicates growth), contracting, at the same rate, for the 13th consecutive month. The past 13 months of contraction were preceded by a stretch of 28 consecutive months of growth. ISM also said that the overall economy contracted in November, at the same rate, for the second consecutive month, which was preceded by 30 consecutive months of growth.
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