ISM May Semiannual Report signals growth in 2024, at a reduced rate
May 15, 2024
As was the case in its previous edition in December, the manufacturing and services sectors remain on diverging paths, to a certain extent, in May. One common theme the sectors share, according to the Institute for Supply Management’s (ISM) May 2024 Semiannual Economic Forecast.
ISM Semiannual report indicates continued economic output into 2024
December 15, 2023
For manufacturing, ISM is estimating a 5.6% revenue gain in 2024; while ISM member panelists are calling for 2024 services-based economy revenues to increase 6.9% in 2024.
ISM’s latest semiannual report optimistic on 2023 growth prospects
December 19, 2022
For manufacturing, ISM is estimating a 5.5% revenue gain in 2023, falling short of its 6.5% estimate from its predecessor report in May and its 9.2% 2022 growth rate. ISM member panelists are calling for 2023 services-based economy revenues to see a 3.1% gain in 2023, topping 2022’s 2.1% gain, which fell short of May’s 4.9% estimate.
ISM Spring Semiannual Report points to a growth path for 2022
May 25, 2022
For manufacturing, ISM is estimating a 9.2% revenue gain, topping the 2022 estimate, from the December report, at 6.5%. ISM member panelists are calling for 2022 revenues to rise 4.9%, ahead of December’s 4.3% 2022 projection, and in line with 2021’s 4.8% increase.
