Services PMI

Services economy output grows in October while declining sequentially, notes ISM

Thursday, November 3, 2022 · Jeff Berman The Services PMI—at 54.4 (a reading of 50 or higher signals growth)—fell 2.3% compared to September, growing, at a slower rate, for the 29th consecutive month, with services sector growth intact for 151 of the last 153 months through October. What’s more, the October…

September Services sector activity remains on a growth path, reports ISM

Wednesday, October 5, 2022 · Jeff Berman The Services PMI—at 56.7 (a reading of 50 or higher signals growth)—was down 0.2% compared to August, growing, at a slower rate, for the 28th consecutive month, with month, with services sector growth intact for 150 of the last 152 months through September.

August Services PMI remains in steady growth mode

Tuesday, September 6, 2022 · Jeff Berman The Services PMI—at 56.9 (a reading of 50 or higher signals growth)—edged out the July reading by 0.2%, growing, at a faster rate, for the 27th consecutive month, with services sector growth intact for 149 of the last 151 months through August.

Services PMI sees July gains, reports ISM

Wednesday, August 3, 2022 · Jeff Berman The Services PMI came in at 56.5 (a reading of 50 or higher signals growth), up 1.4% compared to June, following a slight 0.6% decrease from May to June. The Services PMI showed growth, at a faster rate, for the 26th consecutive month, with services sector growth now remaining…

June Services PMI grows but at a slightly reduced rate

Wednesday, July 6, 2022 · Jeff Berman The Services PMI came in at 55.3 (a reading of 50 or higher signals growth), down 0.6% compared to May, following a 1.2% decrease, from April to May. The Services PMI showed growth, at a slower rate, for the 25th consecutive month, with services sector growth now remaining…

May Services PMI falls but remains in growth mode, notes ISM

Monday, June 6, 2022 · Jeff Berman The reading for the report’s key metric—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 55.9 (a reading of 50 or higher signals growth) was down 1.2% from April, matching the March to April decrease. The Services PMI showed growth, at a slower rate, for…

April Services PMI is below March but still is strong, reports ISM

Wednesday, May 4, 2022 · Jeff Berman The reading for the report’s key metric— the Services PMI (formerly the Non-Manufacturing PMI)—came in at 57.1 (a reading of 50 or higher signals growth)—fell 1.2%, growing, at a slower rate, for the 23rd consecutive month. Services sector growth has remained intact…

Services sector growth eases in March but remains solid, reports ISM

Tuesday, April 5, 2022 · Jeff Berman The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 58.3 (a reading of 50 or higher signals growth)—headed up 1.8%, growing, at a faster rate, for the 22nd consecutive month, snapping a three-month stretch of sequential…

Services economy declines in February while growth remains strong

Thursday, March 3, 2022 · Jeff Berman The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 55.1(a reading of 50 or higher signals growth)—fell 3.4% compared to January’s 59.9, marking the third consecutive month of sequential Service PMI declines. The…

Services economy wraps up 2021 on the right side of growth, reports ISM

Thursday, January 6, 2022 · Jeff Berman The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 62.0 (a reading of 50 or higher signals growth)—fell 7.1% compared to November’s all-time high reading of 69.1. The Services PMI grew for the 19th consecutive month,…

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…

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…

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…

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%.

Despite small decline, Services economy remained strong in April, says ISM

Wednesday, May 5, 2021 · Jeff Berman The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 62.7 (a reading of 50 or higher indicates growth is occurring) in April. This marks a 1.0% decline from March’s 63.7, which was the highest reading since October…