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Services PMI® at 49.4%; April 2024 Services ISM® Report On Business®

Retrieved on:

Friday, May 3, 2024

TEMPE, Ariz., May 3, 2024 /PRNewswire/ -- Economic activity in the services sector contracted in April for the first time since December 2022, ending a period of 15 consecutive months of growth, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The Services PMI® registered 49.4 percent; it indicated sector expansion in 45 of the previous 47 months.

Key Points:

The Services PMI® registered 49.4 percent; it indicated sector expansion in 45 of the previous 47 months.
The Business Activity Index registered 50.9 percent in April, which is 6.5 percentage points lower than the 57.4 percent recorded in March.
"The Supplier Deliveries Index registered 48.5 percent, 3.1 percentage points higher than the 45.4 percent recorded in March.
[Accommodation & Food Services]
"Movie production is recovering, which should increase volume in movie theaters in the second half of 2024."

Services PMI® at 51.4%; March 2024 Services ISM® Report On Business®

Retrieved on:

Wednesday, April 3, 2024

TEMPE, Ariz., April 3, 2024 /PRNewswire/ -- Economic activity in the services sector expanded in March for the 15th consecutive month as the Services PMI® registered 51.4 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 45 of the last 46 months, with the lone contraction in December 2022.

Key Points:

TEMPE, Ariz., April 3, 2024 /PRNewswire/ -- Economic activity in the services sector expanded in March for the 15th consecutive month as the Services PMI® registered 51.4 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®.
The Business Activity Index registered 57.4 percent in March, which is 0.2 percentage point higher than the 57.2 percent recorded in February.
"The Supplier Deliveries Index registered 45.4 percent, 3.5 percentage points lower than the 48.9 percent recorded in February.
The 12 services industries reporting growth in March — listed in order — are: Accommodation & Food Services; Professional, Scientific & Technical Services; Agriculture, Forestry, Fishing & Hunting; Educational Services; Construction; Management of Companies & Support Services; Utilities; Retail Trade; Wholesale Trade; Other Services; Finance & Insurance; and Health Care & Social Assistance.

Services PMI® at 52.6%; February 2024 Services ISM® Report On Business®

Retrieved on:

Tuesday, March 5, 2024

TEMPE, Ariz., March 5, 2024 /PRNewswire/ -- Economic activity in the services sector expanded in February for the 14th consecutive month as the Services PMI® registered 52.6 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 44 of the last 45 months, with the lone contraction in December 2022.

Key Points:

TEMPE, Ariz., March 5, 2024 /PRNewswire/ -- Economic activity in the services sector expanded in February for the 14th consecutive month as the Services PMI® registered 52.6 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®.
"The Supplier Deliveries Index registered 48.9 percent, 3.5 percentage points lower than the 52.4 percent recorded in January.
The index returned to contraction — indicating that supplier delivery performance was faster after one month in expansion (or 'slower') territory.
Now that we have absorbed changes and restructured strategic plans, we are on a course for a successful 2024."

Services PMI® at 53.4%; January 2024 Services ISM® Report On Business®

Retrieved on:

Monday, February 5, 2024

TEMPE, Ariz., Feb. 5, 2024 /PRNewswire/ -- Economic activity in the services sector expanded in January for the 13th consecutive month as the Services PMI® registered 53.4 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 43 of the last 44 months, with the lone contraction in December 2022.

Key Points:

TEMPE, Ariz., Feb. 5, 2024 /PRNewswire/ -- Economic activity in the services sector expanded in January for the 13th consecutive month as the Services PMI® registered 53.4 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®.
The Business Activity Index registered 55.8 percent in January, matching the seasonally adjusted reading of 55.8 percent in December.
The index returned to expansion — indicating that supplier delivery performance was slower — after three consecutive months in contraction (or 'faster') territory.
The 10 services industries reporting growth in January — listed in order — are: Health Care & Social Assistance; Agriculture, Forestry, Fishing & Hunting; Professional, Scientific & Technical Services; Public Administration; Utilities; Accommodation & Food Services; Construction; Other Services; Educational Services; and Management of Companies & Support Services.

Services PMI® at 50.6%; December 2023 Services ISM® Report On Business®

Retrieved on:

Friday, January 5, 2024

TEMPE, Ariz., Jan. 5, 2024 /PRNewswire/ -- Economic activity in the services sector expanded in December for the 12th consecutive month as the Services PMI® registered 50.6 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 42 of the last 43 months, with the lone contraction in December 2022.

Key Points:

The Business Activity Index registered 56.6 percent, a 1.5-percentage point increase compared to the reading of 55.1 percent in November.
"The Supplier Deliveries Index registered 49.5 percent, 0.1 percentage point below the 49.6 percent recorded in November.
The nine services industries reporting growth in December — listed in order — are: Agriculture, Forestry, Fishing & Hunting; Accommodation & Food Services; Health Care & Social Assistance; Transportation & Warehousing; Other Services; Utilities; Retail Trade; Professional, Scientific & Technical Services; and Public Administration.
[Health Care & Social Assistance]
"If interest rates go down, investment borrowing will increase, as will orders for services."

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.