NMI

The report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—slipped 1.2%, to 56.9, in August (a reading of 50 or higher indicates growth is occurring). This came on the heels of a 1% gain to 58.1, in July and an 11.1% gain, to 57.1, in June, which halted a two-month stretch of declines, and was preceded by 122 consecutive months of expansion. ISM noted that June marked the largest single-month percentage increase, for the NMI, going back to its inception in 1997.

The report’s key indicator—the NMI—saw an 11.7% increase to 57.1 (a reading of 50 or higher indicates growth is occurring), halting a two-month stretch of declines, which was preceded by 122 consecutive months of expansion.

The report’s key indicator—the NMI—saw an 11.7% increase to 57.1 (a reading of 50 or higher indicates growth is occurring), halting a two-month stretch of declines, which was preceded by 122 consecutive months of expansion.

In an interview, Tony Nieves, chair of the ISM’s Non-Manufacturing Business Survey Committee, said that prior to the recent civil unrest and events of the past week, related to the death of George Floyd in Minneapolis, non-manufacturing seemed like it may have been on a path to recovery.

In an interview, Tony Nieves, chair of the ISM’s Non-Manufacturing Business Survey Committee, said that prior to the recent civil unrest and events of the past week, related to the death of George Floyd in Minneapolis, non-manufacturing seemed like it may have been on a path to recovery.

The report’s key indicator, the NMI, fell 10.7% to 41.8 (a reading of 50 or higher indicates growth is occurring), coming off of March’s 52.5 reading, which stands as the highest reading in the last year. It is the lowest reading since the 40.1 recorded in March 2009 and contracted for the first time since December 2009, halting a 122-month stretch of growth.

Tom Derry, CEO of the Institute for Supply Management, talks about how nearly all ISM members are dealing with disruptions stemming from the ongoing COVID-19 pandemic.

The March NMI came in at 52.5 in March, down 4.8% from February’s 57.3 reading (a reading of 50 or higher indicates growth is occurring), which marks the highest reading over the last year. The NMI headed up for the 122nd consecutive month, and the March NMI is 2.5% below the 12-month average of 55.0 and is the lowest reading over that span.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 57.3 in February (a reading of 50 or higher indicates growth is occurring), which topped January’s 55.5 by 1.8%. The NMI headed up for the 121st consecutive month, and the February NMI is 4% above the 12-month average of 55.3, as well as the highest reading over that span.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 57.3 in February (a reading of 50 or higher indicates growth is occurring), which topped January’s 55.5 by 1.8%. The NMI headed up for the 121st consecutive month, and the February NMI is 4% above the 12-month average of 55.3, as well as the highest reading over that span.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 55.5 in January (a reading of 50 or higher indicates growth is occurring), which edged out December’s 54.9 by 0.6%. The NMI headed up for the 120th consecutive month, and the January NMI is 0.1% above the 12-month average of 55.4.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 55.5 in January (a reading of 50 or higher indicates growth is occurring), which edged out December’s 54.9 by 0.6%. The NMI headed up for the 120th consecutive month, and the January NMI is 0.1% above the 12-month average of 55.4.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 55 in December (a reading of 50 or higher indicates growth is occurring), which topped November’s reading by 1.1%.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 53.9 in November (a reading of 50 or higher indicates growth is occurring), which was 0.8% below October’s 54.7. The NMI headed up for the 118th consecutive month, and the November NMI is 1.9% below the 12-month average of 55.8.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 53.9 in November (a reading of 50 or higher indicates growth is occurring), which was 0.8% below October’s 54.7. The NMI headed up for the 118th consecutive month, and the November NMI is 1.9% below the 12-month average of 55.8.