By Jeff Berman ·
July 7, 2020
The report’s key indicator—the NMI—saw an 11.7% increase to 57.1 (a reading of 50 or higher indicates growth is occurring), halting a two-month stretch of declines, which was preceded by 122 consecutive months of expansion.
By Jeff Berman ·
May 15, 2020
While its predecessor report, which was released in December, issued a positive 2020 growth outlook for the manufacturing and non-manufacturing sectors, the new edition of the Institute for Supply Management’s (ISM) Semiannual Economic Forecast, which was issued today, tells a much different story, due to the ongoing COVID-19 pandemic.
By Jeff Berman ·
March 4, 2020
The index ISM uses to measure non-manufacturing growth—known as the NMI—was 57.3 in February (a reading of 50 or higher indicates growth is occurring), which topped January’s 55.5 by 1.8%. The NMI headed up for the 121st consecutive month, and the February NMI is 4% above the 12-month average of 55.3, as well as the highest reading over that span.
By Jeff Berman ·
February 5, 2020
Non-manufacturing output in January kicked off 2020 where 2019 left off, showing positive growth, according to the most recent edition of the Non-Manufacturing Report on Business, which was issued today by the Institute for Supply Management (ISM).
By Jeff Berman ·
December 9, 2019
For manufacturing, ISM is estimating a 4.8% annual increase in 2020 revenue, which is up from the 1.9% increase that was pegged for 2019 over 2018. What’s more, 58.1% of manufacturing respondents expected 2020 revenues to be higher than 2019. And revenue growth in 2020 is expected to see annual gains in all 18 manufacturing industries ISM tracks.
By Jeff Berman ·
December 4, 2019
The index ISM uses to measure non-manufacturing growth—known as the NMI—was 53.9 in November (a reading of 50 or higher indicates growth is occurring), which was 0.8% below October’s 54.7. The NMI headed up for the 118th consecutive month, and the November NMI is 1.9% below the 12-month average of 55.8.
By Jeff Berman ·
November 5, 2019
The index ISM uses to measure non-manufacturing growth—known as the NMI—was 54.7 in October (a reading of 50 or higher indicates growth is occurring), which marked a 2.1% gain over September. The NMI headed up for the 117th consecutive month, and the October NMI is 1.6% below the 12-month average of 56.3.
By Jeff Berman ·
October 3, 2019
The index ISM uses to measure non-manufacturing growth—known as the NMI—was 52.6 in September (a reading of 50 or higher indicates growth is occurring), which is a 3.8% decrease compared to August.
By Jeff Berman ·
August 5, 2019
The index ISM uses to measure non-manufacturing growth—known as the NMI—fell 1.4% to 53.7 (a reading of 50 or higher indicates growth is occurring) in July. This reading represents the 114th consecutive month of NMI growth, with July’s NMI down 3.9% compared to the 12-month average of 57.6. July’s reading is the lowest over that span.
By Jeff Berman ·
July 3, 2019
The index ISM uses to measure non-manufacturing growth—known as the NMI—slipped 1.8% to 55.1 (a reading of 50 or higher indicates growth is occurring). This reading represents the 113th consecutive month of NMI growth, with June’s NMI down 2.8% compared to the 12-month average of 57.9. June’s reading is the lowest over that span.
By Jeff Berman ·
April 3, 2019
The index ISM uses to measure non-manufacturing growth—known as the NMI– fell 3.6% to 56.1 (a reading of 50 or higher indicates growth is occurring) in March, following a 3% gain from January to February.
By Jeff Berman ·
February 5, 2019
The index ISM uses to measure non-manufacturing growth—known as the NMI–dropped 1.3% to 56.7 in January compared to December’s 58. This marks the 108th consecutive month of growth for the NMI, with the January NMI off 2% compared to the 12-month average of 58.7.
By Jeff Berman ·
January 7, 2019
Non-manufacturing activity in December finished 2018 with a decrease compared to November, while still maintaining a prolonged stretch of growth, according to the Non-Manufacturing Report on Business, which was issued by the Institute for Supply Management (ISM) today.
By Jeff Berman ·
August 3, 2018
The index ISM uses to measure non-manufacturing growth—known as the NMI–fell 3.4% to 55.7 (a reading above 50 indicates growth) in July. The July NMI is 2.3% below the 12-month average of 58.0. The PMI has now grown for 102 consecutive months.
By Jeff Berman ·
May 7, 2018
For manufacturing, ISM is estimating a 6.6% gain in 2018 revenue, which is ahead of the 5.1% reading in the December Semiannual report. On the non-manufacturing side, the report expects revenues to rise 3.2% in 2018.