®.
® (ISM
®) Hospital Business Survey Committee: The Hospital PMI™ registered 55.8 percent in January, down 6.8 percentage points from the December reading of 62.6. This was the eighth month of growth. The Business Activity Index and New Orders Index both had a sizeable decrease in January compared to December, with New Orders moving into contraction. The Employment Index increased in January moving back into expansion territory. The Case Mix Index decreased to 56.5 percent, down 5.5 percentage points compared to the December reading of 62 percent. The Days Payable Outstanding Index increased to 55 percent, up 2.5 percentage points from the December reading of 52.5 percent. The Technology Spend Index registered 50 percent, a decrease of 2 percentage points from the December reading of 52 percent.
January 2021 ISM and Markit Services Surveys Improved
Analyst Opinion of the ISM and Markit Services Survey
I have a hard time believing services are in expansion with many restaurants, bars, and gyms running nowhere near full potential - and parts of the country have returned to lockdown.
From Econoday:
Output and new order growth regain momentum
Fastest increase in cost burdens on record
Slowest rise in employment since July 2020
January PMITM data signalled a sharper expansion in business activity across the U.S. service sector. Excluding November s recent high, the latest upturn was the fastest since March 2015, amid a stronger rise in new business. Foreign client demand also picked up, as new export orders returned to growth. Despite a notable improvement in business confidence, the rate of job creation eased as pressure on capacity dwindled and concerns regarding the short-term outlook remained. Meanwhile, cost burdens soared once again, with the rate of input price infl
®.
The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management
® (ISM
®) Services Business Survey Committee: The Services PMI
® registered 58.7 percent, 1 percentage point higher than the seasonally adjusted December reading of 57.7 percent. This reading is the highest since February 2019 (58.8 percent) and indicates the eighth straight month of growth for the services sector, which has expanded for all but two of the last 132 months. The Supplier Deliveries Index registered 57.8 percent, down 5 percentage points from December s reading of 62.8 percent. (Supplier Deliveries is the only ISM
®
Report On Business
® index that is inversed; a reading of above 50 percent indicates slower deliveries, which is typical as the economy improves and customer demand increases.)
February 1, 2021
TEMPE, Ariz. â February 1, 2021 â Economic activity in the manufacturing sector grew in January, with the overall economy notching an eighth consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee:
“The January Manufacturing PMI registered 58.7 percent, down 1.8 percentage points from the seasonally adjusted December reading of 60.5 percent. This figure indicates expansion in the overall economy for the eighth month in a row after contraction in March, April, and May. The New Orders Index registered 61.1 percent, down 6.4 percentage points from the seasonally adjusted December reading of 67.5 percent. The Production Index registered 60.7 percent, a decrease of 4 percentage points compared to the seasonally adjust
2/01/2021 10:15:00 AM
The ISM manufacturing index indicated expansion in January. The PMI was at 58.7% in January, down from 60.5% in December. The employment index was at 52.6%, up from 51.7% last month, and the new orders index was at 61.1%, down from 67.5%.
Economic activity in the manufacturing sector grew in January, with the overall economy notching an eighth consecutive month of growth, say the nation s supply executives in the latest Manufacturing ISM® Report On Business®.
The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee:
The January Manufacturing PMI® registered 58.7 percent, down 1.8 percentage points from the seasonally adjusted December reading of 60.5 percent. This figure indicates expansion in the overall economy for the eighth month in a row after contraction in March, April, and May.