Growth in the non-manufacturing sector remained intact in May, according to the Non-Manufacturing Report on Business from the Institute for Supply Management (ISM), which was released today.
The NMI, the ISM’s index to measure growth, increased 1.1 percent in May to 56.3 for its highest level since August 2013, when it checked in at 57.9. A reading above 50 represents growth. May’s NMI is 1.8 percent higher than the 12-month average of 54.5 and represents the 52nd consecutive month of growth in the non-manufacturing sector.
To read the complete article, please click here.
SC
MR
Latest Supply Chain News
- When component verification becomes operational
- Caught between a rock and a hard place: Mapping your supply chain
- What options do you really have? Shaping the supply chain resilience funnel
- Nexus suppliers: Hidden anchors of resilience in decentralized supply chains
- Developing the next generation of supply chain leaders: Is higher education serving the needs of the marketplace?
- More News
Latest Resources
Explore
Topics
Latest Supply Chain News
- Coordinating AI-enabled supply chain operations
- The hidden supply chain risk no dashboard shows
- CSCOs need plant leaders to close the manufacturing transformation gap
- AI is reshaping the last meter of delivery
- Last-mile delivery success begins before the driver arrives
- The Digital Supply Chain Imperative: From Visibility to Execution
- More latest news
Latest 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
