The economic downturn in the U.S. will continue for the rest of 2020, according to the spring 2020 semiannual economic forecast from the Institute for Supply Management.
Economic growth is expected to continue in the U.S. throughout the remainder of 2016, according to the results of the Spring 2016 Semiannual Economic Forecast from the Institute for Supply Management.
According to the latest report from ISM, economic activity in the non-manufacturing sector grew for the 71st consecutive month in December, despite a slight dip to 55.3% in the NMI.
The ISM’s Non-Manufacturing Index registered 1 percentage point higher in January than the seasonally adjusted reading from December. The majority of survey respondents feel positive about continued economic growth, ISM noted.
The Institute for Supply Management said its Non-Manufacturing Index registered 53% in December, 0.9 percentage point lower than November’s reading of 53.9%, indicating continued growth at a slightly slower rate.
The Institute for Supply Management said activity in the manufacturing sector registered its second highest level for 2013 in December.
The Institute for Supply Management said growth in the non-manufacturing sector slowed in November, with respondents’ comments generally indicating a positive outlook for the upcoming months.
The Institute for Supply Management said economic activity in the manufacturing sector has increased progressively each month since June, with November’s reading reflecting the highest index reading in 2013.
The ISM’s Non-Manufacturing Index registered 54.4% in September, 4.2 percentage points lower than August’s reading of 58.6%, indicating continued growth at a slower rate.
The Institute for Supply Management said economic activity in the manufacturing sector expanded in September for the fourth consecutive month, reaching its highest point since April 2011.