CFPM

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

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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.

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

Retrieved on: 
Monday, June 5, 2023
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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."

ISM® REPORTS ECONOMIC IMPROVEMENT TO CONTINUE THROUGH 2023

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Monday, May 8, 2023
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TEMPE, Ariz., May 8, 2023 /PRNewswire/ -- The U.S. economy will continue to softly expand for the rest of 2023, say the nation's purchasing and supply executives in the Spring 2023 Semiannual Economic Forecast. Expectations for the remainder of 2023 are similar to those expressed in December 2022, despite continued inflation and geopolitical uncertainty.

Key Points: 
  • Expectations for the remainder of 2023 are similar to those expressed in December 2022, despite continued inflation and geopolitical uncertainty.
  • Forty percent of respondents say that revenues for 2023 will increase, on average, 11.6 percent compared to 2022.
  • "With 10 manufacturing sector industries expecting revenue growth in 2023 and 11 industries expecting employment growth in 2023, panelists forecast that recovery will continue the rest of the year, albeit somewhat softer than originally expected.
  • Sentiment in each sector was generally consistent with industry performance reports in the April 2023 Manufacturing ISM® Report On Business®, as well as the fall Semiannual Economic Forecast conducted in December," says Fiore.

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

Retrieved on: 
Wednesday, May 3, 2023
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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.

Services PMI® at 51.2%; March 2023 Services ISM® Report On Business®

Retrieved on: 
Wednesday, April 5, 2023
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TEMPE, Ariz, April 5, 2023 /PRNewswire/ -- Economic activity in the services sector expanded in March for the third consecutive month as the Services PMI® registered 51.2 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 33 of the last 34 months, with the lone contraction in December.

Key Points: 
  • The Business Activity Index registered 55.4 percent, a 0.9-percentage point decrease compared to the reading of 56.3 percent in February.
  • "The Supplier Deliveries registered 45.8 percent, 1.8 percentage points lower than the 47.6 percent recorded in February.
  • In the last two months, the index has reflected the fastest supplier delivery performance since April 2009, when it registered 45.5 percent.
  • The 13 services industries reporting growth in March — listed in order — are: Other Services; Arts, Entertainment & Recreation; Educational Services; Accommodation & Food Services; Public Administration; Mining; Management of Companies & Support Services; Agriculture, Forestry, Fishing & Hunting; Professional, Scientific & Technical Services; Utilities; Health Care & Social Assistance; Construction; and Information.

Services PMI® at 55.1%; February 2023 Services ISM® Report On Business®

Retrieved on: 
Friday, March 3, 2023
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TEMPE, Ariz., March 3, 2023 /PRNewswire/ -- Economic activity in the services sector expanded in February for the second consecutive month as the Services PMI® registered 55.1 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 32 of the last 33 months, with the lone contraction in December. 

Key Points: 
  • TEMPE, Ariz., March 3, 2023 /PRNewswire/ -- Economic activity in the services sector expanded in February for the second consecutive month as the Services PMI® registered 55.1 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®.
  • The Business Activity Index registered 56.3 percent, a 4.1-percentage point decrease compared to the reading of 60.4 percent in January.
  • "The Supplier Deliveries registered 47.6 percent in February, indicating the fastest delivery performance since June 2009, when the index registered 46 percent.
  • The four industries reporting a decrease in the month of February are: Wholesale Trade; Transportation & Warehousing; Information; and Management of Companies & Support Services.

Services PMI® at 55.2%; January 2023 Services ISM® Report On Business®

Retrieved on: 
Friday, February 3, 2023
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TEMPE, Ariz., Feb. 3, 2023 /PRNewswire/ -- Economic activity in the services sector grew in January after contracting in December following 30 consecutive months of growth, with the Services PMI® registering 55.2 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®.

Key Points: 
  • TEMPE, Ariz., Feb. 3, 2023 /PRNewswire/ -- Economic activity in the services sector grew in January after contracting in December following 30 consecutive months of growth, with the Services PMI® registering 55.2 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®.
  • The Business Activity Index registered 60.4 percent, a 6.9-percentage point increase compared to the seasonally adjusted reading of 53.5 percent in December.
  • The 10 services industries reporting growth in January — listed in order — are: Agriculture, Forestry, Fishing & Hunting; Utilities; Other Services; Management of Companies & Support Services; Public Administration; Educational Services; Accommodation & Food Services; Real Estate, Rental & Leasing; Health Care & Social Assistance; and Professional, Scientific & Technical Services.
  • There is no unrealistic expectation that challenging times are behind us, but we are cautiously optimistic about 2023."