Non-manufacturing activity in March was solid, as was the first quarter, according to the Institute for Supply Management’s March Non-Manufacturing Report on Business.
The NMI, the ISM’s index to measure growth, rose 1.5 percent to 53.1 in March. A reading above 50 represents growth. The March PMI is 1.1 percent below the 12-month average of 54.2, and the cumulative average of the PMI for the first quarter is 52.9. The positive March NMI reading marks the 50th consecutive month of growth for the non-manufacturing sector.
To read the complete article, please click here.
SC
MR
Latest Supply Chain News
- Few executives believe their supply chains can respond quickly to disruptions
- Technology’s role in mending supply chain fragility after recent disruptions
- Tech investments bring revenue increases, survey finds
- Survey reveals strategies for addressing supply chain, logistics labor shortages
- Israel, Ukraine aid package to increase pressure on aerospace and defense supply chains
- More News
Latest Podcast
Explore
Latest Supply Chain News
- Few executives believe their supply chains can respond quickly to disruptions
- Technology’s role in mending supply chain fragility after recent disruptions
- Tech investments bring revenue increases, survey finds
- Survey reveals strategies for addressing supply chain, logistics labor shortages
- Israel, Ukraine aid package to increase pressure on aerospace and defense supply chains
- How CPG brands can deliver on supplier diversity promises
- More latest news
Latest Resources
About the Author
SCMR Staff
Follow SCMR for the latest supply chain news, podcasts and resources.
Follow SCMR on social media.
@SupplyChainManagementReview on Facebook
@SCMR on Twitter
SCMR on Linkedin
Subscribe
Supply Chain Management Review delivers the best industry content.
Editors’ Picks
