Latest posts about Non-Manufacturing Index
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ISM reports second straight month of services economy gains in July
August 6, 2020
The report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—rose 1 percent, to 58.1 in July (a reading of 50 or higher indicates growth is occurring). This followed an 11.1% increase, to 57.1, in June, which halted a two-month stretch of declines, which 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.
Non-manufacturing sees major gains in June but COVID-19-related concerns remain
July 7, 2020
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.
April non-manufacturing data sees steep declines, due to COVID-19, reports ISM
May 5, 2020
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.
March non-manufacturing data shows growth despite coronavirus
April 3, 2020
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.
Despite coronavirus issues, non-manufacturing is solid in February, reports ISM
March 4, 2020
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.
Non-manufacturing begins 2020 with growth, reports ISM
February 5, 2020
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.
Non-manufacturing finishes 2020 with growth intact, reports ISM
January 7, 2020
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%.
Non-manufacturing turns in a solid October performance, reports ISM
November 5, 2019
The index ISM uses to measure non-manufacturing growth—known as the NMI—was 54.7 in October (a reading of 50 or higher indicates growth is occurring), which marked a 2.1% gain over September. The NMI headed up for the 117th consecutive month, and the October NMI is 1.6% below the 12-month average of 56.3.
Non-manufacturing sees mild decline in September but still growing
October 3, 2019
The index ISM uses to measure non-manufacturing growth—known as the NMI—was 52.6 in September (a reading of 50 or higher indicates growth is occurring), which is a 3.8% decrease compared to August.
Non-manufacturing activity delivers strong results in August, reports ISM
September 5, 2019
The index ISM uses to measure non-manufacturing growth—known as the NMI—came in at 56.4 (a reading of 50 or higher indicates growth is occurring), which was a 2.7% improvement over July’s 53.7 the lowest NMI reading going back to August 2016.
Non-manufacturing slips in July but still growing, reports ISM
August 5, 2019
The index ISM uses to measure non-manufacturing growth—known as the NMI—fell 1.4% to 53.7 (a reading of 50 or higher indicates growth is occurring) in July. This reading represents the 114th consecutive month of NMI growth, with July’s NMI down 3.9% compared to the 12-month average of 57.6. July’s reading is the lowest over that span.
Non-manufacturing index slips but finishes first half of 2019 with growth
July 3, 2019
The index ISM uses to measure non-manufacturing growth—known as the NMI—slipped 1.8% to 55.1 (a reading of 50 or higher indicates growth is occurring). This reading represents the 113th consecutive month of NMI growth, with June’s NMI down 2.8% compared to the 12-month average of 57.9. June’s reading is the lowest over that span.
Non-manufacturing output in May remains solid, reports ISM
June 5, 2019
The index ISM uses to measure non-manufacturing growth—known as the NMI—was up 1.4% to 56.9 (a reading of 50 or higher indicates growth is occurring).
Non-manufacturing growth remains solid in April, reports ISM
May 3, 2019
With a less than one percent decline from March, April non-manufacturing activity was close to flat, according, to the Non-Manufacturing Report on Business, which was issued today by the Institute for Supply Management (ISM). The index ISM uses to measure non-manufacturing growth—known as the NMI– fell 0.6% to 55.5 in April (a reading of 50 or higher indicates growth is occurring), following a 3.6% decline from February to March.
Non-manufacturing output sees mild slide in March but is still showing growth
April 3, 2019
The index ISM uses to measure non-manufacturing growth—known as the NMI– fell 3.6% to 56.1 (a reading of 50 or higher indicates growth is occurring) in March, following a 3% gain from January to February.
