Latest posts about Services PMI
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Despite small decline, Services economy remained strong in April, notes ISM
May 5, 2021
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 62.7 (a reading of 50 or higher indicates growth is occurring) in April. This marks a 1.0% decline from March’s 63.7, which was the highest reading since October 2018’s 60.9, and marks the eleventh consecutive month of services sector growth, at a slower rate. Services sector growth has seen gains in 133 of the last 135 months.
Despite small decline, Services economy remained strong in April, reports ISM
May 5, 2021
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 62.7 (a reading of 50 or higher indicates growth is occurring) in April. This marks a 1.0% decline from March’s 63.7, which was the highest reading since October 2018’s 60.9, and marks the eleventh consecutive month of services sector growth, at a slower rate. Services sector growth has seen gains in 133 of the last 135 months.
Services economy sets new records in March, ISM reports
April 5, 2021
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 63.7 (a reading of 50 or higher indicates growth is occurring) in March, an 8.4% increase over February’s 55.3. This reading represents the tenth consecutive month of services sector growth, at a faster rate, as well as its highest monthly reading going back to October 2018’s 60.9. Services sector growth has seen gains in 132 of the last 134 months.
Services economy sets new records in March, reports ISM
April 5, 2021
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 63.7 (a reading of 50 or higher indicates growth is occurring) in March, an 8.4% increase over February’s 55.3. This reading represents the tenth consecutive month of services sector growth, at a faster rate, as well as its highest monthly reading going back to October 2018’s 60.9. Services sector growth has seen gains in 132 of the last 134 months.
ISM reports ongoing growth for services-based economy in February
March 3, 2021
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 55.5 (a reading of 50 or higher indicates growth is occurring) in February, which was off 3.4% compared to January’s 58.7 reading, which was the highest reading since July 2020’s 58.1.
Economic services activity begins 2021 with growth, notes ISM
February 3, 2021
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 58.7 (a reading of 50 or higher indicates growth is occurring)—marking a 1.0% gain over December.
Economic services activity begins 2021 with growth, reports ISM
February 3, 2021
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 58.7 (a reading of 50 or higher indicates growth is occurring)—marking a 1.0% gain over December.
ISM report points to services sector growth in December
January 7, 2021
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 57.2 (a reading of 50 or higher indicates growth is occurring) was up 1.3% compared to November.
ISM reports services sector growth remained intact in December
January 7, 2021
The reading for the report’s key indicator—the December Services PMI (formerly the Non-Manufacturing PMI)—came in at 57.2 (a reading of 50 or higher indicates growth is occurring) was up 1.3% compared to November.
ISM reports growth for services-based economy in November remains intact
December 3, 2020
The November Services PMI is 1.7% above the 12-month average of 54.2, with the highest reading over that span being July’s 58.1 reading and the lowest being April’s 41.8. Services sector growth has seen gains in 128 of the last 130 months, with the exception of May and June of this year.
ISM reports ongoing growth for services-based economy in November
December 3, 2020
The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—was 55.9 (a reading of 50 or higher indicates growth is occurring), which was essentially flat with October’s 56.6, a 0.7% difference.
October Services PMI sees growth, says ISM
November 4, 2020
The report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 56.6 (a reading of 50 or higher indicates growth is occurring), in October, following a 0.9% increase in September, a 1.2% August decline, and a 1% gain in July.
October Services PMI sees growth, reports ISM
November 4, 2020
The report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 56.6 (a reading of 50 or higher indicates growth is occurring), in October, following a 0.9% increase in September, a 1.2% August decline, and a 1% gain in July.
September Services PMI remains on growth track, reports ISM
October 5, 2020
The report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—inched up 0.9%, to 57.8 (a reading of 50 or higher indicates growth is occurring), in September. This followed a 1.2% August decline and a 1% gain in July.
ISM Services PMI sees sequential decline but remains on strong growth path
September 3, 2020
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.
