Institute For Supply Management

September Services sector activity remains on a growth path, reports ISM

Wednesday, October 5, 2022 · Jeff Berman The Services PMI—at 56.7 (a reading of 50 or higher signals growth)—was down 0.2% compared to August, growing, at a slower rate, for the 28th consecutive month, with month, with services sector growth intact for 150 of the last 152 months through September.

Services PMI sees July gains, reports ISM

Wednesday, August 3, 2022 · Jeff Berman The Services PMI came in at 56.5 (a reading of 50 or higher signals growth), up 1.4% compared to June, following a slight 0.6% decrease from May to June. The Services PMI showed growth, at a faster rate, for the 26th consecutive month, with services sector growth now remaining…

July manufacturing output dips slightly but still growing, reports ISM

Monday, August 1, 2022 · Jeff Berman The July PMI reading is 4.8% below the 12-month average of 57.6, and it represents the lowest reading over the last 12 months and also the lowest going back to June 2020’s 52.4. The high over the last 12-month period is January’s 57.6.

June Services PMI grows but at a slightly reduced rate

Wednesday, July 6, 2022 · Jeff Berman The Services PMI came in at 55.3 (a reading of 50 or higher signals growth), down 0.6% compared to May, following a 1.2% decrease, from April to May. The Services PMI showed growth, at a slower rate, for the 25th consecutive month, with services sector growth now remaining…

May Services PMI falls but remains in growth mode, notes ISM

Monday, June 6, 2022 · Jeff Berman The reading for the report’s key metric—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 55.9 (a reading of 50 or higher signals growth) was down 1.2% from April, matching the March to April decrease. The Services PMI showed growth, at a slower rate, for…

ISM report notes slight May manufacturing gains

Wednesday, June 1, 2022 · Jeff Berman The report’s key metric, the PMI, came in at 56.1 (a reading of 50 or higher indicates growth), for a 0.7% increase over March’s 55.4 reading, marking the 24th consecutive month of growth, at a faster rate, as well as the 24th consecutive month of overall economic growth.

ISM Spring Semiannual Report points to continued growth for 2022

Wednesday, May 25, 2022 · Jeff Berman 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.

April Services PMI is below March but still is strong, reports ISM

Wednesday, May 4, 2022 · Jeff Berman The reading for the report’s key metric— the Services PMI (formerly the Non-Manufacturing PMI)—came in at 57.1 (a reading of 50 or higher signals growth)—fell 1.2%, growing, at a slower rate, for the 23rd consecutive month. Services sector growth has remained intact…

Services sector growth eases in March but remains solid, reports ISM

Tuesday, April 5, 2022 · Jeff Berman The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 58.3 (a reading of 50 or higher signals growth)—headed up 1.8%, growing, at a faster rate, for the 22nd consecutive month, snapping a three-month stretch of sequential…

Time to celebrate women in supply chain

Tuesday, March 8, 2022 · Rosemary Coates Recognize the growth of women in supply chain, and the potential for even more high-profile roles on this International Women's Day.

ISM report highlights Services sector growth in January

Thursday, February 3, 2022 · Jeff Berman The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 59.9 (a reading of 50 or higher signals growth)—was off 2.4% compared to December’s 62.3. The Services PMI grew for the 20th consecutive month, with services sector…

Services economy wraps up 2021 on the right side of growth, reports ISM

Thursday, January 6, 2022 · Jeff Berman The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 62.0 (a reading of 50 or higher signals growth)—fell 7.1% compared to November’s all-time high reading of 69.1. The Services PMI grew for the 19th consecutive month,…

Manufacturing ends 2021 with sequential decline but is still on a growth track

Tuesday, January 4, 2022 · Jeff Berman In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, was 58.7 (a reading of 50 or higher indicates growth), down 2.4% compared to November. This marks the 19th consecutive month of growth, at a slower rate, coupled with December…

ISM report issues positive 2022 outlook for manufacturing and services sectors

Tuesday, December 14, 2021 · Jeff Berman For manufacturing, ISM is estimating a 6.5% 2022 revenue gain, trailing the 7.2% estimate, for 2021, made in its previous report in May 2021. And on the services side, the report said that its panelists are calling for 2022 revenues to see a 4.3% annual gain, in line with…

Manufacturing output sees growth in November, reports ISM

Wednesday, December 1, 2021 · Jeff Berman In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, was 61.1 (a reading of 50 or higher indicates growth), up 0.3% compared to October’s 60.8 reading. This represented the 18th consecutive month of growth, at a faster rate,…