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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 Fo...

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®. 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 62.7 percent, which is 1 percentage point lower than last month's all-time high of 63.7 percent. The April reading indicates the 11th straight month of growth for the services sector, which has expanded for all but two of the last 135 months. "The Supplier Deliveries Index registered 66.1 percent, up 5.1 percentage points from March's reading of 61 percent. (Supplier Deliveries is the only IS...

April 2021 ISM and Markit Services Surveys Remain Well Into Expansion The ISM declined but remained in expansion whilst the Markit PMI improved and advanced further into expansion. 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: Most marked upturns in output and new orders on record Employment growth accelerates Cost pressures strongest on record April PMITM data indicated a marked and unprecedented expansion in business activity across the U.S. service sector. Supporti...

March 2021 ISM and Markit Services Surveys Show Improvement The ISM significantly improved and remained in expansion whilst the Markit PMI improved and advanced further into expansion. Analyst Opinion of the ISM and Markit Services Survey With the economy reopening, it comes as no surprise that both of these indices improved. From Econoday: Upturns in output and new orders accelerate to strong rates Price gauges hit highest on record amid supply chain disruptions Business optimism improves since February March PMITM data indicated a substantial increase in business activity across the U.S. se...