ISM service sector index

Chart of the day: Service sector expands at record pace

Dec. 3, 2021 by Tuan Nguyen

The shift back to spending on services continued to accelerate in November as the headline purchasing managers’ index for services reached an all-time high, according to data released by the Institute of Supply Management on Friday. The headline index rose to 69.1 on the month from 66.7, the third increase in a row, indicating a faster expansion of the ... READ MORE >

CHART OF THE DAY: ISM index reaches recent high, boosted by service sector gains

Apr. 5, 2021 by Christopher Shaker

The ISM non-manufacturing index climbed to 63.7% in March, firmly beating analysts' expectations and reaching its highest reading in recent history. The March reading followed February's significant decline, when the ups and downs of the race between the COVID-19 vaccine and new coronavirus variants wreaked havoc on businesses' operations. March's strong ... READ MORE >

CHART OF THE DAY: Service sector survey shows strength in January

Feb. 3, 2021 by Christopher Shaker

A measurement of the services side of the economy rose to its highest level since well before the pandemic in January, another indication that the economy is poised for a recovery. The Institute for Supply Management said on Wednesday that its nonmanufacturing purchasing managers’ index came in at 58.7 for the month, up from December’s revised figure of ... READ MORE >

CHART OF THE DAY: ISM service sector index growth continues

Dec. 3, 2020 by Joseph Brusuelas

This pandemic recession is unlike all others, and Thursday’s release of the Institute for Supply Management’s survey of sentiment among firms in the service sector adds to the evidence. The November ISM Non-Manufacturing Index eased to 55.9, which is below the six-month average of 57.1, indicating solid growth in the service sector even as the pandemic ... READ MORE >