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Services PMI® at 64%; May 2021 Services ISM® Report On Business®

May 2021 ISM and Markit Services Surveys Improve And Remain Well Into Expansion

May 2021 ISM and Markit Services Surveys Improve And Remain Well Into Expansion The ISM improved and remained in expansion whilst the Markit PMI improved and now is at record highs. Analyst Opinion of the ISM and Markit Services Survey With the economy reopening, it comes as no surprise that both of these indices are well into expansion. From Econoday: Stronger client demand spurs sharper output expansion Cost burdens rise at quickest pace on record Further steep increase in employment despite hiring May PMI™ data indicated the fastest rise in business activity since data collection for the series began in October 2009. The unprecedented expansion in output was supported by a marked increase in new business, in turn buoyed by the quickest rise in new export orders for nine months. Greater business requirements resulted in a further sharp rise in employment. That said, the pace of job creation softened as firms reported difficulties filling vacancies. Strain on capacity was

Economic Growth To Continue Through 2021

Economic Growth To Continue Through 2021 News provided by Share this article Share this article Manufacturing is Expected to Expand in 2021; Revenue to Increase 7.2%; Capital Expenditures to Increase 8.7%; Capacity Utilization Currently at 88.3%; Services is Expected to Expand in 2021; Revenue to Increase 5.4%; Capital Expenditures to Increase 5.7%; Capacity Utilization Currently at 89.4% TEMPE, Ariz., May 18, 2021 /PRNewswire/   The economic recovery in the U.S. will continue for the rest of 2021, say the nation s purchasing and supply executives in the Spring 2021 Semiannual Economic Forecast. Expectations for the remainder for 2021 have strengthened somewhat, compared to December 2020, as there is hope that the corner has been turned on the coronavirus (COVID-19) pandemic; both manufacturing and services sectors are signaling expansion.

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