December services sector output remained in growth mode for the sixth consecutive month, according to the latest edition of the Services ISM Report on Business, released this week by the Institute for Supply Management (ISM).
The December Services PMI, at 54.1 (a reading of 50 or higher signals growth) rose 2.0% over November’s 52.1 reading, growing, at a faster rate, for the sixth consecutive month, and for the 52nd time in the last 55 months, going back to the initial recovery from the pandemic in June 2020.
The December PMI was 1.6% above the 12-month average of 52.5, with October’s 56.0 and June’s 48.8, marking the respective high and low readings over that period.
Please click here to read the complete article.
SC
MR
More Inventory Management
- Procurement’s role to drive innovation, resilience and sustainability continues to evolve
- From Complexity to Clarity: How technology is driving supply chain efficiency
- Deliver fresher food: A pick-to-zero transformation for retailers
- ISM reports Services economy turns in solid December performance to end 2024, notes ISM
- Raw material shortages have abated, but some lingering issues remain
- Manufacturing contracts in December, but prospects are positive for 2025, reports ISM
- More Inventory Management
Latest Resources
Explore
Topics
Procurement & Sourcing News
- Trade in transition: What companies should know
- Procurement’s role to drive innovation, resilience and sustainability continues to evolve
- Everstream Analytics names 5 supply chain risks for 2025
- The rumble in the supply chain: Knocking out the barriers to true SC costing
- From Complexity to Clarity: How technology is driving supply chain efficiency
- Deliver fresher food: A pick-to-zero transformation for retailers
- More Procurement & Sourcing
Latest Procurement & Sourcing Resources
About the Author
Jeff Berman, Group News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman
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
