Non-Manufacturing Business Activity Index

Services PMI® at 52.7%; November 2023 Services ISM® Report On Business®

Retrieved on: 
Tuesday, December 5, 2023

TEMPE, Ariz., Dec. 5, 2023 /PRNewswire/ -- Economic activity in the services sector expanded in November for the 11th consecutive month as the Services PMI® registered 52.7 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 41 of the last 42 months, with the lone contraction in December 2022.

Key Points: 
  • TEMPE, Ariz., Dec. 5, 2023 /PRNewswire/ -- Economic activity in the services sector expanded in November for the 11th consecutive month as the Services PMI® registered 52.7 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®.
  • The Business Activity Index registered 55.1 percent; a 1-percentage point increase compared to the reading of 54.1 percent in October.
  • "The Supplier Deliveries Index registered 49.6 percent, 2.1 percentage points higher than the 47.5 percent recorded in October.
  • The three industries reporting a decrease in the month of November are: Information; Mining; and Professional, Scientific & Technical Services.

Services PMI® at 51.8%; October 2023 Services ISM® Report On Business®

Retrieved on: 
Friday, November 3, 2023

TEMPE, Ariz., Nov. 3, 2023 /PRNewswire/ -- Economic activity in the services sector expanded in October for the 10th consecutive month as the Services PMI® registered 51.8 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 40 of the last 41 months, with the lone contraction in December 2022.

Key Points: 
  • The Business Activity Index registered 54.1 percent, a 4.7-percentage point decrease compared to the reading of 58.8 percent in September.
  • "The Supplier Deliveries Index registered 47.5 percent, 2.9 percentage points lower than the 50.4 percent recorded in September.
  • The index returned to contraction territory, indicating that supplier delivery performance was 'faster' in contrast to the 'slowing' status from the previous month.
  • The Backlog of Orders Index registered 50.9 percent, a 2.3-percentage point increase compared to the September reading of 48.6 percent.

Services PMI® at 53.6%; September 2023 Services ISM® Report On Business®

Retrieved on: 
Wednesday, October 4, 2023

TEMPE, Ariz., Oct. 4, 2023 /PRNewswire/ -- Economic activity in the services sector expanded in September for the ninth consecutive month as the Services PMI® registered 53.6 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 39 of the last 40 months, with the lone contraction in December 2022.

Key Points: 
  • The Business Activity Index registered 58.8 percent, a 1.5-percentage point increase compared to the reading of 57.3 percent in August.
  • "The Supplier Deliveries Index registered 50.4 percent, 1.9 percentage point higher than the 48.5 percent recorded in August.
  • The index is in expansion (or "slowing") territory for the first time since November 2022, when it registered 53.8 percent.
  • [Transportation & Warehousing]
    "Other than increases in fuel costs and some materials, activity and sales have been relatively stable month over month.

Services PMI® at 54.5%; August 2023 Services ISM® Report On Business®

Retrieved on: 
Wednesday, September 6, 2023

TEMPE, Ariz., Sept. 6, 2023 /PRNewswire/ -- Economic activity in the services sector expanded in August for the eighth consecutive month as the Services PMI® registered 54.5 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 38 of the last 39 months, with the lone contraction in December of last year.

Key Points: 
  • The sector has grown in 38 of the last 39 months, with the lone contraction in December of last year.
  • The Business Activity Index registered 57.3 percent, a 0.2-percentage point increase compared to the reading of 57.1 percent in July.
  • "The Supplier Deliveries Index registered 48.5 percent, 0.4 percentage point higher than the 48.1 percent recorded in July.
  • The 13 services industries reporting growth in August — listed in order — are: Real Estate, Rental & Leasing; Accommodation & Food Services; Other Services; Arts, Entertainment & Recreation; Utilities; Retail Trade; Public Administration; Information; Educational Services; Construction; Finance & Insurance; Transportation & Warehousing; and Professional, Scientific & Technical Services.

Services PMI® at 52.7%; July 2023 Services ISM® Report On Business®

Retrieved on: 
Thursday, August 3, 2023

TEMPE, Ariz., Aug. 3, 2023 /PRNewswire/ -- Economic activity in the services sector expanded in July for the seventh consecutive month as the Services PMI® registered 52.7 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 37 of the last 38 months, with the lone contraction in December of last year.

Key Points: 
  • The sector has grown in 37 of the last 38 months, with the lone contraction in December of last year.
  • The Business Activity Index registered 57.1 percent, a 2.1-percentage point decrease compared to the reading of 59.2 percent in June.
  • "The Supplier Deliveries Index registered 48.1 percent, 0.5 percentage point higher than the 47.6 percent recorded in June.
  • The 14 services industries reporting growth in July — listed in order — are: Other Services; Construction; Accommodation & Food Services; Public Administration; Management of Companies & Support Services; Transportation & Warehousing; Utilities; Real Estate, Rental & Leasing; Professional, Scientific & Technical Services; Health Care & Social Assistance; Educational Services; Retail Trade; Information; and Wholesale Trade.

Services PMI® at 53.9%; June 2023 Services ISM® Report On Business®

Retrieved on: 
Thursday, July 6, 2023

TEMPE, Ariz., July 6, 2023 /PRNewswire/ -- Economic activity in the services sector expanded in June for the sixth consecutive month as the Services PMI® registered 53.9 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 36 of the last 37 months, with the lone contraction in December of last year.

Key Points: 
  • TEMPE, Ariz., July 6, 2023 /PRNewswire/ -- Economic activity in the services sector expanded in June for the sixth consecutive month as the Services PMI® registered 53.9 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®.
  • The sector has grown in 36 of the last 37 months, with the lone contraction in December of last year.
  • The Business Activity Index registered 59.2 percent, a 7.7-percentage point increase compared to the reading of 51.5 percent in May.
  • "The Supplier Deliveries Index registered 47.6 percent, 0.1 percentage point lower than the 47.7 percent recorded in May.

Services PMI® at 50.3%; May 2023 Services ISM® Report On Business®

Retrieved on: 
Monday, June 5, 2023

TEMPE, Ariz., June 5, 2023 /PRNewswire/ -- Economic activity in the services sector expanded in May for the fifth consecutive month as the Services PMI® registered 50.3 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 35 of the last 36 months, with the lone contraction in December of last year.

Key Points: 
  • The sector has grown in 35 of the last 36 months, with the lone contraction in December of last year.
  • The Business Activity Index registered 51.5 percent, a 0.5-percentage point decrease compared to the reading of 52 percent in April.
  • The 11 services industries reporting growth in May — listed in order — are: Accommodation & Food Services; Management of Companies & Support Services; Professional, Scientific & Technical Services; Utilities; Retail Trade; Arts, Entertainment & Recreation; Construction; Other Services; Transportation & Warehousing; Public Administration; and Educational Services.
  • Pent-up demand for services is also causing capacity constraints, but we appear to be managing appropriately at this time."

Hospital PMI® at 55.3%; April 2023 Hospital ISM® Report On Business®

Retrieved on: 
Friday, May 5, 2023

TEMPE, Ariz., May 5, 2023 /PRNewswire/ -- Economic activity in the hospital subsector grew in April for the 35th consecutive month, say the nation's hospital supply executives in the latest Hospital ISM® Report On Business®.

Key Points: 
  • TEMPE, Ariz., May 5, 2023 /PRNewswire/ -- Economic activity in the hospital subsector grew in April for the 35th consecutive month, say the nation's hospital supply executives in the latest Hospital ISM® Report On Business®.
  • The Case Mix Index reading of 48 percent is a decrease of 5 percentage points compared to the March figure of 53 percent.
  • Such weather events as tornadoes were mentioned as both a source of supply disruption and a reason for increased admissions.
  • Survey panelists mentioned their facilities had undertaken conscious efforts to reduce inventory levels and improve days payable outstanding performance."

Services PMI® at 51.9%; April 2023 Services ISM® Report On Business®

Retrieved on: 
Wednesday, May 3, 2023

TEMPE, Ariz., May 3, 2023 /PRNewswire/ -- Economic activity in the services sector expanded in April for the fourth consecutive month as the Services PMI® registered 51.9 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 34 of the last 35 months, with the lone contraction in December.

Key Points: 
  • TEMPE, Ariz., May 3, 2023 /PRNewswire/ -- Economic activity in the services sector expanded in April for the fourth consecutive month as the Services PMI® registered 51.9 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®.
  • The sector has grown in 34 of the last 35 months, with the lone contraction in December.
  • The Business Activity Index registered 52 percent, a 3.4-percentage point decrease compared to the reading of 55.4 percent in March.
  • "The Supplier Deliveries registered 48.6 percent, 2.8 percentage points higher than the 45.8 percent recorded in March.

Hospital PMI® at 53.4%; March 2023 Hospital ISM® Report On Business®

Retrieved on: 
Friday, April 7, 2023

TEMPE, Ariz., April 7, 2023 /PRNewswire/ -- Economic activity in the hospital subsector grew in March for the 34th consecutive month, say the nation's hospital supply executives in the latest Hospital ISM® Report On Business®.

Key Points: 
  • TEMPE, Ariz., April 7, 2023 /PRNewswire/ -- Economic activity in the hospital subsector grew in March for the 34th consecutive month, say the nation's hospital supply executives in the latest Hospital ISM® Report On Business®.
  • The report was issued today by Nancy LeMaster, MBA, Chair of the Institute for Supply Management® (ISM®) Hospital Business Survey Committee: "The Hospital PMI® registered 53.4 percent in March, a 0.1-percentage point decrease from the February reading of 53.5 percent.
  • The Business Activity Index decreased compared to February, while the New Orders Index increased compared to the prior month.
  • The Case Mix Index reading of 53 percent is an increase of 1.5 percentage points compared to the February figure of 51.5 percent.