ISM

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…

Services economy declines in February while growth remains strong

Thursday, March 3, 2022 · Jeff Berman The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 55.1(a reading of 50 or higher signals growth)—fell 3.4% compared to January’s 59.9, marking the third consecutive month of sequential Service PMI declines. The…

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,…

ISM reports October manufacturing output remains solid

Tuesday, November 2, 2021 · Jeff Berman In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, was 60.8 (a reading of 50 or higher indicates growth), off 0.3% from September’s 61.1 reading. This represented the 17th consecutive month of growth, at a faster rate, coupled…

September Services PMI reading points to growth, states ISM

Tuesday, October 5, 2021 · Jeff Berman The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 61.9 (a reading of 50 or higher indicates growth is occurring), up 0.2% compared to August and in close range to July’s all-time high reading, at 64.1. The…

September manufacturing output stays on a growth track, says ISM

Friday, October 1, 2021 · Jeff Berman In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, came in at 61.1 (a reading of 50 or higher indicates growth), increasing 1.2% from August’s 59.9 reading. This represented the 16th consecutive month of growth, at a faster…

Manufacturing output remains on strong footing in August, reports ISM

Wednesday, September 1, 2021 · Jeff Berman In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, came in at 59.9 (a reading of 50 or higher indicates growth), increasing 0.4% from July’s 59.5 reading.