2/03/2021 10:05:00 AM
The December ISM Services index was at 58.7%, up from 57.7% last month. The employment index increased to 55.2%, from 48.7%. Note: Above 50 indicates expansion, below 50 contraction.
Economic activity in the services sector grew in January for the eighth month in a row, say the nation s purchasing and supply executives in the latest Services ISM® Report On Business®.
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.
ISM® Reports Economic Improvement to Continue in 2021
News provided by
Share this article
Share this article
Manufacturing Growth Expected in 2021; Revenue to Increase 6.9%; Capital Expenditures to Increase 2.4%; Capacity Utilization Currently at 85.7%; Services Growth Projected in 2021; Revenue to Increase 1.6%; Capital Expenditures to Increase 12.7%: Capacity Utilization Currently at 86.6%
TEMPE, Ariz., Jan. 19, 2021 /PRNewswire/ Economic improvement in the United States will continue in 2021, say the nation s purchasing and supply management executives in the December 2020
Semiannual Economic Forecast. This expansion will continue a growth trend that began in June 2020, as indicated in the monthly ISM
®
Report On Business
®. Revenues are expected to increase in 15 of 18 manufacturing industries and 12 of 18 services-sector industries. Capital expenditures are expected to increase by 2.4 percent in the manufacturing sector (after a 2.4-percent decline in 2020) and i
Treasuries Extend Notable Move To The Downside forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.
1/7/2021 3:02:33 PM GMT | By Eren Sengezer
US ISM Services PMI beat market expectation in December.
US Dollar Index clings to daily gains a little below 90.00.
The economic activity in the US service sector continued to expand at a robust pace in December with the Institute for Supply Management s (ISM) Services PMI improving to 57.2 from 55.9 in November. This reading came in better than analysts estimate of 54.5.
Further details of the publication revealed that the New Orders Index climbed to 58.5 from 55.9, the Employment Index dropped to 48.2 from 51.1 and the Prices Paid Index edged lower to 64.8 from 66.1.
Commenting on the data, in December, a slight uptick in the rate of services-sector growth continued, noted Anthony Nieves, Chair of the Institute for Supply Management (ISM) Services Business Survey Committee. Respondents comments are mixed about business conditions and the economy. Various local- and state-level COVI