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Thursday, December 2, 2021
HomeNewsEconomyISM Non-Manufacturing Index (NMI) Cools in March to 5-Month Low

ISM Non-Manufacturing Index (NMI) Cools in March to 5-Month Low

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A service sector employee sits at his desk. (Photo: REUTERS)

The Institute for Supply Management (ISM) Non-Manufacturing Index (NMI) grew for the 87th consecutive month, but cooled to a 5-month low at 55.2% in March. Of the 18 non-manufacturing industries, 15 reported growth in March while 3 reported contraction.

“The sector continues to reflect growth; however, the rate of growth has declined since last month,” Anthony Nieves, Chair of the Institute for Supply Management (ISM) Non-Manufacturing Business Survey Committee. “The majority of respondents’ comments indicate a positive outlook on business conditions and the overall economy. There were several comments about the uncertainty of future government policies on health care, trade and immigration, and the potential impact on business.”

ISM® NON-MANUFACTURING SURVEY RESULTS AT A GLANCE
COMPARISON OF ISM® NON-MANUFACTURING AND ISM® MANUFACTURING SURVEYS*
MARCH 2017
Non-Manufacturing Manufacturing
Index Series
Index
Mar
Series
Index
Feb
Percent
Point
Change
Direction Rate
of
Change
Trend**
(Months)
Series
Index
Mar
Series
Index
Feb
Percent
Point
Change
NMI®/PMI® 55.2 57.6 -2.4 Growing Slower 87 57.2 57.7 -0.5
Business Activity/Production 58.9 63.6 -4.7 Growing Slower 92 57.6 62.9 -5.3
New Orders 58.9 61.2 -2.3 Growing Slower 92 64.5 65.1 -0.6
Employment 51.6 55.2 -3.6 Growing Slower 37 58.9 54.2 +4.7
Supplier Deliveries 51.5 50.5 +1.0 Slowing Faster 15 55.9 54.8 +1.1
Inventories 48.5 52.0 -3.5 Contracting From Growing 1 49.0 51.5 -2.5
Prices 53.5 57.7 -4.2 Increasing Slower 12 70.5 68.0 +2.5
Backlog of Orders 53.0 54.0 -1.0 Growing Slower 2 57.5 57.0 +0.5
New Export Orders 62.5 57.0 +5.5 Growing Faster 2 59.0 55.0 +4.0
Imports 56.5 51.0 +5.5 Growing Faster 3 53.5 54.0 -0.5
Inventory Sentiment 65.0 64.5 +0.5 Too High Faster 238 N/A N/A N/A
Customers’ Inventories N/A N/A N/A N/A N/A N/A 47.0 47.5 -0.5
Overall Economy Growing Slower 92
Non-Manufacturing Sector Growing Slower 87

* Non-Manufacturing ISM® Report On Business® data is seasonally adjusted for the Business Activity, New Orders, Prices and Employment Indexes. Manufacturing ISM® Report On Business® data is seasonally adjusted for New Orders, Production, Employment and Supplier Deliveries.

** Number of months moving in current direction.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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