Latest posts about Institute for Supply Management
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Services economy grows in August for third consecutive month in September, reports ISM
October 3, 2024
The September Services PMI, at 54.9 (a reading of 50 or higher signals growth), rose 3.4% from August, marking the third consecutive month of faster growth.
Manufacturing output contracts again in September, reports ISM
October 1, 2024
The report’s benchmark reading, the PMI, at 47.2 (a reading of 50 or higher indicates growth), matched August. ISM added that the PMI has not seen growth in 22 of the last 23 months, with the overall economy growing, at the same rate, for the 53rd consecutive month.
Services sector sees growth in August, for the second straight month, reports ISM
September 5, 2024
The August Services PMI, at 51.5 (a reading of 50 or higher signals growth), was essentially flat, up 0.1% over July’s 51.4 reading, which was up 2.6% over June’s 48.8 reading. May came in at 53.8, which was preceded by a 49.4 April reading that marked the first time the Services PMI contracted since December 2022, when it came in at 49 and prior to that the last month seeing contraction was in May 2020, when it came in at 45.4.
August manufacturing activity slows down again, reports ISM
September 3, 2024
The report’s benchmark reading, the PMI, at 47.2 (a reading of 50 or higher indicates growth), while inching up 0.4% over July’s 46.8 reading.
Services sector returns to growth in July, reports ISM
August 5, 2024
The July Services PMI, at 51.4 (a reading of 50 or higher signals growth), increased 2.6% over June’s 48.8 reading, which was off 5.0% compared to May’s 53.8 reading, which was preceded by a 49.4 April reading that marked the first time the Services PMI contracted since December 2022, when it came in at 49 and prior to that the last month seeing contraction was in May 2020, when it came in at 45.4.
July manufacturing output falls again, amid a grim outlook, reports ISM
August 1, 2024
he July PMI is 1.3% below the 12-month average of 48.1, with March’s 50.3 marking the high over that period, and November 2023 marking the lowest, at 46.6.
Services economy activity contracts in June, reports ISM
July 3, 2024
The June Services PMI, at 48.8 8 (a reading of 50 or higher signals growth), fell 5.0% compared to May’s 53.8 reading, which was preceded by a 49.4 April reading that marked the first time the Services PMI contracted since December 2022, when it came in at 49 and prior to that the last month seeing contraction was in May 2020, when it came in at 45.4.
Manufacturing output slides again in June, reports ISM
July 1, 2024
The report’s benchmark reading, the PMI, came in at 48.5 (a reading of 50 or higher indicates growth), down 0.2% from May’s 48.7, which was down 0.5% from April’s 49.2.
Services economy activity returns to growth mode in May, reports ISM
June 5, 2024
The May Services PMI, at 53.8 (a reading of 50 or higher signals growth), was up 4.4% over April’s 49.4, which marked the first time the Services PMI contracted since December 2022, when it came in at 49 and prior to that the last month seeing contraction was in May 2020, when it came in at 45.4.
Manufacturing output declines for second straight month in May, reports ISM
June 3, 2024
The report’s benchmark reading, the PMI, came in at 48.7 (a reading of 50 or higher indicates growth), down 0.5% from April’s 49.2, which was off 1.1% compared to March’s 50.3 reading.
Industry experts dissect White House’s tariffs announcement
May 22, 2024
As reported by LM earlier this month, after a statutory four-year review process of Section 301 tariffs levied on United States-bound imports from China conducted by the Office of the United States Trade Representative, the final outcome, the White House announced, that those tariffs are remaining intact, with ones for certain products, to see increases.
ISM May Semiannual Report points to growth in 2024, at a reduced rate
May 15, 2024
As was the case in its previous edition in December, the manufacturing and services sectors remain on diverging paths, to a certain extent, in May. One common theme the sectors share, according to the Institute for Supply Management’s (ISM) May 2024 Semiannual Economic Forecast, which was issued today, is that growth is expected over the balance of the year, albeit at reduced rates.
April Services PMI contracts after 15 months of growth, reports ISM
May 3, 2024
The Services PMI, at 49.4 (a reading of 50 or higher signals growth) fell 2.0%. The last time the index contracted was in December 2022, when it came in at 49 and prior to that the last month seeing contraction was in May 2020, when it came in at 45.4.
April manufacturing output takes a step back after growing in March
May 1, 2024
The report’s benchmark metric, the PMI, came in at 49.2 (a reading of 50 or higher indicates growth), down 1.1% from March’s 50.3 reading. ISM added that the overall economy grew, at a slower rate, in April, for the 48th consecutive month.
Manufacturing sees growth in March, snaps 16-month stretch of contraction
April 1, 2024
The report’s benchmark metric, the PMI came in at 50.3 (a reading of 50 or higher indicates growth), topping the March PMI, of 47.8, and contracting after 16 months of declines. ISM added that the overall economy grew, at a faster rate, in March, for the 47th consecutive month. The previous 16 months of contraction through February were preceded by a stretch of 28 consecutive months of growth.
