Latest posts about ISM
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August manufacturing output declines for tenth consecutive month, reports ISM
September 1, 2023
The report’s benchmark metric, the PMI increased 1.2%, to 47.6 (a reading of 50 or higher indicates growth), contracting, at a slower rate, for the tenth consecutive month. The past ten months of contraction were preceded by a stretch of 29 consecutive months of growth.
July manufacturing output remains in contraction mode, reports ISM
August 1, 2023
The report’s key metric, the PMI, eked out a 0.4% increase, to 46.4 (a reading of 50 or higher indicates growth), contracting, at a slower rate, for the ninth straight month.
Services economy keeps humming along in June, ISM reports
July 6, 2023
June services economy activity grew again, according to the new edition of the ISM Report on Business, which was issued today by the Institute for Supply Management (ISM).
Services economy keeps humming in June, ISM reports
July 6, 2023
The Services PMI—at 53.9 (a reading of 50 or higher signals growth) increased 3.6%, growing, at a faster rate, for the sixth consecutive month. ISM said that the services sector has seen growth in 36 of the last 37 months, with December 2022 being the one month with a decline.
Manufacturing levels trend down in June, reports ISM
July 3, 2023
The report's key metric, the PMI fell 0.9%, to 46 (a reading of 50 or higher indicates growth). The past eight months of contraction, through June, were preceded by a stretch of 29 consecutive months of growth. ISM also said that the overall economy contracted, at a faster rate, in May, for the eighth consecutive month, which was preceded by 30 consecutive months of growth.
Manufacturing output decreases for eighth consecutive month, reports ISM
July 3, 2023
The report’s key metric, the PMI, fell 0.9%, to 46 (a reading of 50 or higher indicates growth). The past eight months of contraction, through June, were preceded by a stretch of 29 consecutive months of growth. ISM also said that the overall economy contracted, at a faster rate, in May, for the eighth consecutive month, which was preceded by 30 consecutive months of growth.
Logistics Labor: Increasing retention
June 5, 2023
To better manage through the constrained labor market, logistics operations are courting more women and other diverse job candidates; ramping up their training programs; investing in automation; and ensuring that positions offer the work-life balance that many new recruits are seeking.
Services economy activity grows again in May, reports ISM
June 5, 2023
The Services PMI—at 50.3 (a reading of 50 or higher signals growth)—fell 1.6% off of May’s 51.9 reading, growing, at a slower rate, for the fifth consecutive month. ISM said that the services sector has seen growth in 35 of the last 36 months, with December 2022 being the one month with a decline.
Services economy activity continues to grow in May, reports ISM
June 5, 2023
The Services PMI—at 50.3 (a reading of 50 or higher signals growth)—fell 1.6% off of May’s 51.9 reading, growing, at a slower rate, for the fifth consecutive month. ISM said that the services sector has seen growth in 35 of the last 36 months, with December 2022 being the one month with a decline.
Manufacturing declines for the seventh straight month in May, says ISM
June 1, 2023
The report’s key metric, the PMI, registered a 46.9 reading (a reading of 50 or higher indicates growth), falling 0.2% off of April’s 47.1 reading.
Manufacturing declines for the seventh straight month in May, reports ISM
June 1, 2023
The report’s key metric, the PMI, registered a 46.9 reading (a reading of 50 or higher indicates growth), falling 0.2% off of April’s 47.1 reading.
ISM survey indicates people remain a stumbling block to procurement success
May 22, 2023
Respondents were asked to rank performance roadblocks on a scale of 1 to 7, with 1 not at all and 7 representing to a very large extent. People scored between a 4 and 5, just outpacing technology, tasks and structure. All the answers scored higher than a 4, indicating procurement professionals are facing a series of challenges in performing their jobs.
ISM Semiannual report calls for manufacturing and services sector growth, at lower levels, in 2023
May 9, 2023
While growth is expected to remain in the cards, for the manufacturing and services sectors, over the balance of 2023, it is no longer set to expand at the same rates as were previously indicated, according to the “Spring 2023 Semiannual Economic Forecast,” which was issued this week by the Institute for Supply Management (ISM).
Services economy growth continues in April, reports ISM
May 3, 2023
The Services PMI—at 51.9 (a reading of 50 or higher signals growth)—increased 0.7% over March’s 51.2, growing, at a faster rate, for the fourth consecutive month. ISM said that the services sector has seen growth in 34 of the last 35 months, with December 2022 being the one month with a decline.
Services economy growth continues in April, reports ISM
May 3, 2023
The Services PMI—at 51.9 (a reading of 50 or higher signals growth)—increased 0.7% over March’s 51.2, growing, at a faster rate, for the fourth consecutive month. ISM said that the services sector has seen growth in 34 of the last 35 months, with December 2022 being the one month with a decline.
