Press "Enter" to skip to content

ISM Services PMI reading sets new record in May

The Institute for Supply Management (ISM) said today in its Services ISM Report on Business that that services sector economic growth saw another strong month in May, reaching its highest level on record. The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 64 (a reading of 50 or higher indicates growth is occurring) —headed up 1.3% from April to May, with the index growing, at a faster rate, for the twelfth consecutive month
Source: logistics Mgmt

Be First to Comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *