Institute For Supply Management

Supply chain salaries, job satisfaction on the rise

Wednesday, April 10, 2024 · Bridget McCrea This year, 25% of supply chain professionals will earn between $150,000 and $249,999 annually, while 18% will earn $120,000 and $149,999.

ISM reports that services sector sees continued growth in March

Wednesday, April 3, 2024 · Jeff Berman The Services PMI, at 51.5 (a reading of 50 or higher signals growth), fell 1.2% in March, while growing, at a slower rate, for the 15th consecutive month.

ISM reports manufacturing sees growth in March, snaps 16-month stretch of contraction

Tuesday, April 2, 2024 · Jeff Berman The report’s benchmark metric, the PMI came in at 50.3 (a reading of 50 or higher indicates growth), topping March’s 47.8, and contracting after 16 months of declines. ISM added that the overall economy grew, at a faster rate, in March, for the 47th consecutive month. The…

ISM reports another month of services sector growth in February

Tuesday, March 5, 2024 · Jeff Berman The Services PMI, at 52.6 (a reading of 50 or higher signals growth), fell 0.8% in February, while growing, at a slower rate, for the 14th consecutive month. This marks growth in 44 of the last 45 months, with December 2022 being the one month with a decline over that period.

Service Sector PMI Records Highest Reading In 12 Months

Wednesday, December 6, 2023 · Jeff Berman November services economy activity remained in growth mode, according to the new edition of the ISM Report on Business, which was issued Tuesday by the Institute for Supply Management (ISM).

Services economy continues showing strength, says ISM

Friday, July 7, 2023 · Jeff Berman The Services PMI, at 53.9, increased 3.6% and continues growing at a faster rate for the sixth consecutive month, ISM said.

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…