Institute for Supply Management News & Resources
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Services sector sees continued growth in March, notes ISM
April 3, 2024
The Services PMI, at 51.5 (a reading of 50 or higher signals growth), fell 1.2% in March, while growing, at a slower rate, for the 15th consecutive month. This marks growth in 45 of the last 46 months, with December 2022 being the one month with a decline over that period. ISM added that the overall economy, like the March Services PMI, saw growth, at a slower rate, for the 15th consecutive month as well.
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.
Services sector activity sees continued growth in February, ISM reports
March 5, 2024
The Services PMI, at 52.6 (a reading of 50 or higher signals growth), fell 0.8% in February, while growing, at a slower rate, for the 14th consecutive month. This marks growth in 44 of the last 45 months, with December 2022 being the one month with a decline over that period.
Services sector activity sees continued growth in February, reports ISM
March 5, 2024
The Services PMI, at 52.6 (a reading of 50 or higher signals growth), fell 0.8% in February, while growing, at a slower rate, for the 14th consecutive month. This marks growth in 44 of the last 45 months, with December 2022 being the one month with a decline over that period. ISM added that the overall economy, like the January Services PMI, saw growth, at a slower rate, for the 14th consecutive month as well.
February manufacturing output declines, reports ISM
March 1, 2024
The report’s benchmark metric, the PMI came in at 47.8 (a reading of 50 or higher indicates growth), down 1.3% compared to January’s 49.1 reading, contracting, at a faster rate, for the 16th consecutive month.
Services economy starts 2024 strongly, reports ISM
February 5, 2024
The Services PMI, at 53.4 (a reading of 50 or higher signals growth), was up 2.9% in January, growing, at a faster rate, for the 13th consecutive month. This marks growth in 43 of the last 44 months, with December 2022 being the one month with a decline over that period. ISM added that the overall economy, like the January Services PMI, saw growth, at a faster rate, for the 13th consecutive month as well.
Services economy gets off to a solid start in 2024, reports ISM
February 5, 2024
The Services PMI, at 53.4 (a reading of 50 or higher signals growth), was up 2.9% in January, growing, at a faster rate, for the 13th consecutive month. This marks growth in 43 of the last 44 months, with December 2022 being the one month with a decline over that period. ISM added that the overall economy, like the January Services PMI, saw growth, at a faster rate, for the 13th consecutive month as well.
January manufacturing output gets closer to growth territory, reports ISM
February 1, 2024
The report’s benchmark metric, the PMI, came in at 49.1 (a reading of 50 or higher indicates growth), up 2.0% over January’s 47.1 reading, contracting, at a slower rate, for the 15th consecutive month. The past 15 months of contraction were preceded by a stretch of 28 consecutive months of growth. ISM also said that the overall economy grew in January, at a faster rate, for the 45th consecutive month.
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