U.S. Producer Price Index

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

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Tuesday, December 5, 2023
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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
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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.

Manufacturing PMI® at 46.7%; October 2023 Manufacturing ISM® Report On Business®

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Wednesday, November 1, 2023
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TEMPE, Ariz., Nov. 1, 2023 /PRNewswire/ -- Economic activity in the manufacturing sector contracted in October for the 12th consecutive month following a 28-month period of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

Key Points: 
  • (A Manufacturing PMI® above 48.7 percent, over a period of time, generally indicates an expansion of the overall economy.)
  • The Prices Index registered 45.1 percent, up 1.3 percentage points compared to the reading of 43.8 percent in September.
  • The Backlog of Orders Index registered 42.2 percent, 0.2 percentage point lower than the September reading of 42.4 percent.
  • "The Supplier Deliveries Index figure of 47.7 percent is 1.3 percentage points higher than the 46.4 percent recorded in September.

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

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Wednesday, October 4, 2023
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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®

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Wednesday, September 6, 2023
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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.

Manufacturing PMI® at 47.6%; August 2023 Manufacturing ISM® Report On Business®

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Friday, September 1, 2023
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TEMPE, Ariz., Sept. 1, 2023 /PRNewswire/ -- Economic activity in the manufacturing sector contracted in August for the 10th consecutive month following a 28-month period of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

Key Points: 
  • "The Supplier Deliveries Index figure of 48.6 percent is 2.5 percentage points higher than the 46.1 percent recorded in July.
  • The New Export Orders Index reading of 46.5 percent is 0.3 percentage point higher than July's figure of 46.2 percent.
  • Fiore continues, "The U.S. manufacturing sector shrank again, but the uptick in the PMI® indicates a slower rate of contraction.
  • The five manufacturing industries that reported growth in August are: Printing & Related Support Activities; Transportation Equipment; Food, Beverage & Tobacco Products; Petroleum & Coal Products; and Miscellaneous Manufacturing.

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

Retrieved on: 
Thursday, August 3, 2023
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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.

Manufacturing PMI® at 46.4%; July 2023 Manufacturing ISM® Report On Business®

Retrieved on: 
Tuesday, August 1, 2023
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TEMPE, Ariz., Aug. 1, 2023 /PRNewswire/ -- Economic activity in the manufacturing sector contracted in July for the ninth consecutive month following a 28-month period of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

Key Points: 
  • The Employment Index dropped further into contraction, registering 44.4 percent, down 3.7 percentage points from June's reading of 48.1 percent.
  • "The Supplier Deliveries Index figure of 46.1 percent is 0.4 percentage point higher than the 45.7 percent recorded in June.
  • In the last eight months, the Supplier Deliveries Index has recorded its eight lowest readings since March 2009 (43.2 percent).
  • Fiore continues, "The U.S. manufacturing sector shrank again, but the uptick in the PMI® indicates a marginally slower rate of contraction.

ABC: Members Invested $1.5 Billion in Construction Workforce Education To Upskill 1.3 Million in 2022

Retrieved on: 
Monday, July 10, 2023
Workforce, Employment, Education, General contractor, Producer, Associated Builders and Contractors, Work, FMI, U.S. Producer Price Index, ABC, Health, Environment, Safety, Construction

Associated Builders and Contractors member contractors invested more than $1.5 billion to provide nearly 1.3 million course attendees with craft, leadership and safety education in 2022, according to its 2023 Workforce Development Survey , down from $1.6 billion in 2021.

Key Points: 
  • Associated Builders and Contractors member contractors invested more than $1.5 billion to provide nearly 1.3 million course attendees with craft, leadership and safety education in 2022, according to its 2023 Workforce Development Survey , down from $1.6 billion in 2021.
  • ABC contractors invested an average of 8.0% of payroll on workforce development in 2022, up from 7.4% in 2021, responding to the need for more than half a million additional construction workers in 2023.
  • Trade and specialty contractors boosted their share of the total workforce development investment, growing to 42% in 2022 from 33% in 2021.
  • “ABC member contractors are investing in flexible, competency-based and market-driven education methodologies to build a construction workforce that is safe, skilled and productive.

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

Retrieved on: 
Thursday, July 6, 2023
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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.