According to the Institute for Supply Management, economic activity in the hospital subsector grew in February for the 21st consecutive month despite a 7.2% drop in the Hospital PMI, putting February’s reading at its lowest mark in more than a year.
Citizens reported that the Citizens Business Conditions Index fell slightly to a mark of 57.1 in Q3/21 from Q2/21’s reading of 57.4. Despite the decrease, Citizens said the third quarter’s reading reflects continued strength in the recovery since COVID-19 stunned the economy and markets in 2020.
Economic activity in the services sector grew in October for the fifth month in a row, according to the Services ISM Report On Business from the Institute for Supply Management.
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.