US manufacturing activity continued to expand in July but at a slightly slower pace than in June, with declines in new orders, output and employment, the Institute for Supply Management said Tuesday. Despite the slightly slower pace of growth, there were many signs of strength in the survey, and the sector shows “no signs of … Read more
Activity in the US manufacturing sector continued to expand in March, as nearly every industry reported growth, and none experiencing contraction, the Institute for Supply Management said Monday. The ISM purchasing managers index slipped 0.5 percentage points to 57.2 last month, just below the 57.7 percent seen in February, which was the highest reading since … Read more
The US services sector, the main driver of the economy, saw growth hit its fastest pace 15 months in February, according to industry data released Friday. The Institute for Supply Management’s Non-Manufacturing Index rose a full point from January to 57.6 percent, seasonally adjusted, the highest reading since October of 2015. The index, which surveys … Read more
US manufacturing activity expanded in February for the sixth consecutive month as businesses reported strong sales and demand, the Institute for Supply Management said Wednesday. The ISM purchasing managers index rose 1.7 percentage points to 57.7 percent, the highest reading since August 2014 and well above the consensus estimate among economists, who expected a smaller … Read more