Institute For Supply Management

Another month, another decline for manufacturing output

Wednesday, July 5, 2023 · Jeff Berman After a run of positive growth extending more than two years, the manufacturing sector is on an extended downturn, with output falling for the 8th consecutive month in May.

May services economy activity remains on growth track, reports ISM

Monday, June 5, 2023 · Jeff Berman 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…

Manufacturing output declines again in May, reports ISM

Thursday, June 1, 2023 · Jeff Berman 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 Semiannual report calls for lower growth in manufacturing and services sectors in 2023

Tuesday, May 9, 2023 · Jeff Berman 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…

Services economy continues on a growth path in April, reports ISM

Wednesday, May 3, 2023 · Jeff Berman 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…

Manufacturing falls again in April, reports ISM

Monday, May 1, 2023 · Jeff Berman The report’s key metric, the PMI, came at 47.1 (a reading of 50 or higher indicates growth), marking a slight 0.8% gain over March’s 46.3, while contracting, at a slower rate, for the sixth consecutive month. The past six months of contraction, through April, were preceded…

ISM reports that manufacturing output declines for fifth consecutive month in March

Monday, April 3, 2023 · Jeff Berman The report’s key metric, the PMI, at 46.3 (a reading of 50 or higher indicates growth), was down 1.4% compared to February, contracting, at a faster rate, for the fifth consecutive month.

ISM reports that February services sector activity shows continued growth

Friday, March 3, 2023 · Jeff Berman The Services PMI—at 55.1 (a reading of 50 or higher signals growth)—was essentially even with January’s reading with a 0.1% decline, growing, at a slower rate, for the second consecutive month. January was 6.0% above December’s 49.2, which was down 6.9% compared to…

Manufacturing activity rises in February, getting closer to growth, reports ISM

Wednesday, March 1, 2023 · Jeff Berman The report’s key metric, the PMI, at 47.7 (a reading of 50 or higher indicates growth), eked out a 0.3% increase, from January to February, contracting, at a slower rate, for the fourth consecutive month. The last four months of contraction, through February, were preceded…

January services economy activity is strong to start 2023

Friday, February 3, 2023 · Jeff Berman The Services PMI—at 55.2 (a reading of 50 or higher signals growth)—increased 6.0% over December’s 49.2, which was down 6.9% compared to November’s 55.5.

December services economy activity finishes 2022 with some declines, reports ISM

Monday, January 9, 2023 · Jeff Berman The Services PMI—at 49.6 a (a reading of 50 or higher signals growth)—fell 6.9% off of December’s 56.5, snapping a 30-month run of growth, coupled with the PMI contracting for two consecutive months for the first time going back to April and May 2020, in the early months…

December manufacturing output falls to finish 2022

Wednesday, January 4, 2023 · Jeff Berman The ISM report’s key metric, the PMI, came in at 48.4 (a reading of 50 or higher indicates growth), down 0.6% from November’s 49.0, contracting, at a faster rate, for the second consecutive month. The last two months of contraction were preceded by a stretch of 29…

Services economy turns in strong November performance, says ISM

Monday, December 5, 2022 · Jeff Berman The Services PMI—at 56.5 (a reading of 50 or higher signals growth)—increased 2.1% over October’s 54.4, which was down 2.3% compared to September, growing, at a faster rate, for the 30th consecutive month, with services growth intact for 152 of the last 154 months…

Manufacturing output decreases in November, reports ISM

Thursday, December 1, 2022 · Jeff Berman The report’s key metric, the PMI, was 49.0 (a reading of 50 or higher indicates growth), down 1.2% from October’s 50.2, September’s 50.9 and back-to-back readings of 52.8 in July and August, with November’s contraction snapping a stretch of 29 consecutive months of…

Services economy output grows in October while declining sequentially, notes ISM

Thursday, November 3, 2022 · Jeff Berman The Services PMI—at 54.4 (a reading of 50 or higher signals growth)—fell 2.3% compared to September, growing, at a slower rate, for the 29th consecutive month, with services sector growth intact for 151 of the last 153 months through October. What’s more, the October…