Latest posts about Institute for Supply Management
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ISM reports April services sector growth amid concerns over pricing and tariffs
May 5, 2025
The April Services PMI, at 51.6 (a reading of 50 or higher signals growth) increased 0.8% over March, growing, at a faster rate, for the 10th consecutive month, and for the 56th time in the last 59 months, going back to the initial recovery from the pandemic in June 2020. It was 1.0% below the 12-month average of 52.6, with October 2024’s 55.8 and June 2024’s 49.2 marking the respective high and low readings over that period.
April manufacturing output declines, for second straight month, reports ISM
May 1, 2025
The report’s benchmark reading, the PMI, came in at 48.7 (a reading of 50 or higher indicates growth), down 0.3% from March’s 49.0 reading. The last two months of declines were preceded by gains, with January and February readings at 50.9 and 50.3, respectively.
March Services PMI shows continued growth but at a reduced rate, reports ISM
April 3, 2025
The March Services PMI, at 50.8 (a reading of 50 or higher signals growth) fell 2.7% compared to February, growing, at a slower rate, for the ninth consecutive month, and for the 55th time in the last 58 months, going back to the initial recovery from the pandemic in June 2020.
Manufacturing contracts in March, as tariff impact weighs on growth
April 1, 2025
The report’s benchmark reading, the PMI, came in at 49 (a reading of 50 or higher indicates growth), down 1.3% from February’s 50.3 reading. January’s PMI, at 50.9, represented the first growth month, after a 26-month run of contraction.
February services sector activity grows for eighth consecutive month, reports ISM
March 5, 2025
The February Services PMI, at 54.4 (a reading of 50 or higher signals growth) was up 0.7% compared to January, growing, at a faster rate, for the eighth consecutive month, and for the 54th time in the last 57 months, going back to the initial recovery from the pandemic in June 2020.
As tariff driven uncertainty persists, manufacturing sees gains for second straight month, reports ISM
March 3, 2025
The report’s benchmark reading, the PMI, came in at 50.3 (a reading of 50 or higher indicates growth), down 0.6% compared to January’s 50.9 reading. The February PMI grew, at a slower rate, for the second consecutive month in February.
Services sector output grows for seventh straight month in February, reports ISM
February 5, 2025
The January Services PMI, at 52.3 (a reading of 50 or higher signals growth) was down 1.2% compared to December, growing, at a slower rate, for the seventh consecutive month, and for the 53rd time in the last 56 months, going back to the initial recovery from the pandemic in June 2020.
Manufacturing output returns to growth to kick off 2025
February 3, 2025
The report’s benchmark reading, the PMI, stood at 50.9 (a reading of 50 or higher indicates growth), marking a 1.7% increase over December’s 49.2 reading. This reflects the overall economy expanding for the 57th consecutive month, following the contraction in April 2020.
Services economy turns in solid December effort to end 2024, reports ISM
January 7, 2025
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.
Manufacturing contracts in December, reports ISM, but prospects are positive for 2025
January 3, 2025
The report’s benchmark reading, the PMI, at 49.3 (a reading of 50 or higher indicates growth), rose 0.9% over November’s 49.3, with the PMI contracting for the ninth consecutive month and the 25th time in the last 26 months. It also noted that the overall economy has expanded, at a faster rate, for the last 56 months, since contracting in April 2020.
ISM’s ‘Supply Chain Planning Forecast’ points to mixed growth patterns, for manufacturing and services
December 17, 2024
The paths to growth, for the manufacturing and services sectors, remain mostly mixed, according to the Institute for Supply Management’s (ISM) December 2024 ISM Supply Chain Planning Forecast, which was issued this week.
Services economy sees growth for fifth consecutive month in November, reports ISM
December 4, 2024
The November Services PMI, at 52.1 (a reading of 50 or higher signals growth), was down 3.9% compared to October, growing, at a slower rate, for the fifth consecutive month.
November manufacturing output heads up but falls short of growth, reports ISM
December 2, 2024
The report’s benchmark reading, the PMI, at 48.4 (a reading of 50 or higher indicates growth), increased 1.9% over October's 46.5, its lowest number in 2024, with the PMI contracting for the eighth consecutive month and the 24th time in the last 25 months, since contracting in April 2020. It added that the overall economy has expanded, at a faster rate, for the last 55 months.
Services sector sees mild growth in October, reports ISM
November 5, 2024
The October Services PMI, at 56.0 (a reading of 50 or higher signals growth), was up 1.1% over September, growing, at a faster rate, for the fourth consecutive month.
Manufacturing activity sees more contraction in October, reports ISM
November 1, 2024
The report’s benchmark reading, the PMI, at 46.5 (a reading of 50 or higher indicates growth), fell 0.7%, turning in its lowest number in 2024, with the PMI contracting for the 23rd time in the last 24 months, and the overall economy expanding for the 54th consecutive month, since contracting in April 2020.
