Institute For Supply Management

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,…

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…

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.

July ISM Services PMI sets a new record

Wednesday, August 4, 2021 · Jeff Berman The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—set a new record, for the second time in the last three months in July, coming in at 64.1, a 4.0% gain over June’s 60.1, and growing, at a faster rate, for the 14th…

Manufacturing output trends down but remains at a high level in July, reports ISM

Monday, August 2, 2021 · Jeff Berman ISM said that the report’s key metric, the PMI, came in at 59.5 (a reading of 50 or higher indicates growth), falling 1.1% from June to July. This represented the 14th consecutive month of growth, at a slower rate, coupled with July also representing the 14th consecutive…

ISM Services PMI dips from May to June but remains strong

Tuesday, July 6, 2021 · Jeff Berman The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 60.1 (a reading of 50 or higher indicates growth is occurring)—slipped 3.9% from May’s 64 reading, with the index growing, at a slower rate, for the 13th consecutive…

May ISM Services PMI sets new record

Thursday, June 3, 2021 · Jeff Berman The Institute for Supply Management (ISM) said today in its Services ISM Report on Business that services sector economic growth saw another strong month in May, reaching its highest level on record. The reading for the report’s key indicator—the Services PMI (formerly the…

Manufacturing remains on a growth track in May, notes ISM

Wednesday, June 2, 2021 · Jeff Berman ISM said that the report’s key metric, the PMI, at 61.2 (a reading of 50 or higher indicates growth), saw a 0.5% increase, from April to May. This marked the twelfth consecutive month of PMI growth, coupled with May also representing the twelfth consecutive month of growth…

ISM Semiannual Economic Forecast is positive for the remainder of 2021

Friday, May 21, 2021 · Jeff Berman For manufacturing, ISM is estimating a 7.2% in 2021 revenue gain, topping the 6.9% projection made in its previous report, and services revenue is pegged to increase 5.4% in 2021, topping the previous estimate of 1.6%.

ISM report highlights strong March manufacturing output

Thursday, April 1, 2021 · Jeff Berman In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, came in at 64.7 (a reading of 50 or higher indicates growth), which topped February’s 60.8 by 3.9%. This marked the tenth consecutive of PMI growth, coupled with March…

ISM reports strong manufacturing gains for February

Monday, March 1, 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), which was 2.1% higher than January’s 58.7, and matched the 60.8 PMI recorded in February 2018, with the overall economy…

ISM reports economic services activity begin 2021 strongly

Wednesday, February 3, 2021 · Jeff Berman The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 58.7 (a reading of 50 or higher indicates growth is occurring)—marking a 1.0% gain over December.

Manufacturing growth is strong in January, reports ISM

Monday, February 1, 2021 · Jeff Berman In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, came in at 58.7 (a reading of 50 or higher indicates growth), which was 1.8% below December’s 60.5, with both the PMI and the overall economy each growing, at a slower rate,…

Manufacturing and services sectors poised for growth in 2021, says ISM report

Thursday, January 21, 2021 · Jeff Berman Coming off of 2020, which saw myriad ebbs and flows related to the ongoing COVID-19 pandemic, 2021 is expected to point in the direction of economic improvement, for both the manufacturing and services sectors, according to the new edition of the Institute for Supply…

Services sector growth remained intact in December, says ISM

Thursday, January 7, 2021 · Jeff Berman The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 57.2 (a reading of 50 or higher indicates growth is occurring) was up 1.3% compared to November.