ISM

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.

January PMI is down but remains in close range to estimates, reports ISM

Wednesday, February 1, 2023 · Jeff Berman The report’s key metric, the PMI, at 47.4 (a reading of 50 or higher indicates growth), down 1.0% from December’s 48.4, contracting, at a faster rate, for the third consecutive month. The last three months of contraction, through January, were preceded by a stretch of 29…

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…

ISM December report optimistic about 2023 growth prospects

Monday, December 19, 2022 · Jeff Berman For manufacturing, ISM is estimating a 5.5% revenue gain in 2023, falling short of its 6.5% estimate from its predecessor report in May and its 9.2% 2022 growth rate. ISM member panelists are calling for 2023 services-based economy revenues to see a 3.1% gain in 2023, topping…

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…

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.

August Services PMI remains in steady growth mode

Tuesday, September 6, 2022 · Jeff Berman The Services PMI—at 56.9 (a reading of 50 or higher signals growth)—edged out the July reading by 0.2%, growing, at a faster rate, for the 27th consecutive month, with services sector growth intact for 149 of the last 151 months through August.

August manufacturing output shows steady growth, says ISM

Friday, September 2, 2022 · Jeff Berman The report’s key metric, the PMI, was 52.8 (a reading of 50 or higher indicates growth), matching the July PMI, growing, at the same rate, for the 27th consecutive month, as well as the 27th consecutive month of overall economic growth.

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.

Putting Supply Chain Certification to Work

Wednesday, July 6, 2022 · Bridget McCrea Supply chain certification providers are pushed to come up with new ways to serve up education on a broad level, but also for very specific, relevant topics.