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 ... READ MORE >
ISM service sector index
CHART OF THE DAY: ISM service sector index growth continues
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 ... READ MORE >
ISM service sector index: More pain ahead
The Institute for Supply Management’s April report on the service sector, like its manufacturing cousin, implies that the domestic economy has not yet troughed. The ISM said on Tuesday that the forward-looking new orders and business activity components of its Non-Manufacturing Index declined to 32.9 ... READ MORE >