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Economists polled by Reuters had forecast the services PMI edging up to 54.3. A PMI reading above 50 indicates growth in the services sector, which accounts for more than two-thirds of the economy.
Economists polled by Reuters had forecast the services PMI declining to 53.8. A PMI reading above 50 indicates growth in the services sector, which accounts for more than two-thirds of the economy.
The ISM's nonmanufacturing purchasing managers (PMI) index jumped to 56.0 last month, the highest reading since July 2022, from 54.9 in September. Economists polled by Reuters had forecast the ...
The Services Index which is a weighted composite index for services data (similar to the Purchasing Managers' Index (PMI)) was developed and first published in the January 2008 Non-Manufacturing ISM Report On Business. This was not available prior to that date because there was insufficient services historical data to develop a composite index.
ISM's Purchasing Managers Index 1948–2012. Purchasing managers' indexes (PMI) are economic indicators derived from monthly surveys of private sector companies.. The three principal producers of PMIs are S&P Global (from 2022 merger with IHS Markit), which produces PMIs for over 30 countries worldwide and developed the first service sector PMIs, and the Institute for Supply Management (ISM ...
The Non-Manufacturing ISM Report on Business is a purchasing survey of the United States service economy, published by the Institute for Supply Management since June 1998. [1] Its results are a popular economic indicator and forecaster.
The ISM said its manufacturing PMI increased to 50.9 last month, the highest reading since September 2022, from 49.2 in December. ... Economists polled by Reuters had forecast the PMI rising to 49 ...
The ISM’s January Services PMI made a similar move. Manufacturing surveys improved . From S&P Global’s January U.S. Manufacturing PMI : "A new year and a new President has brought new optimism ...