ISM Reports Strong Start for Non-Manufacturing
The NMI, the ISM’s index to measure growth, headed up 1.0 percent to 54.0 in January.
Non-manufacturing activity headed in the right direction from December to January, according to the Non-Manufacturing ISM Report on Business released by the Institute of Supply Management (ISM) today.
The NMI, the ISM’s index to measure growth, headed up 1.0 percent to 54.0 in January. A reading above 50 represents growth. ISM said that economic activity in the non-manufacturing sector grew in January for the 48th consecutive month. The January PMI is 0.6 percent below the 12-month average of 54.6.
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About the AuthorJeff Berman, Group News Editor Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman
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