July non-manufacturing activity is impressive, reports ISM
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April Services PMI contracts after 15 months of growth, reports ISM 2023 industrial big-box leasing activity heads down but remains on a steady path, notes CBRE report U.S. rail carload and intermodal volumes are mixed in April, reports AAR Q1 U.S. Bank Freight Payment Index sees shipment and spending declines Pitt Ohio exec warns Congress to go slow on truck electrification mandates More NewsNon-manufacturing activity saw strong increases across the board for the month of July, while hitting some new highs for certain metrics, according to the Non-Manufacturing Report on Business released by the Institute for Supply Management today.
The NMI, the ISM’s index to measure growth, increased 2.7 percent to 58.7, which is its highest level since its inception in January 2008. A reading above 50 represents growth. The July NMI is 3.7 percent higher than that 12-month average of 55.0 and marks the 54th consecutive month of growth in the non-manufacturing sector.
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April Services PMI contracts after 15 months of growth, reports ISM 2023 industrial big-box leasing activity heads down but remains on a steady path, notes CBRE report U.S. rail carload and intermodal volumes are mixed in April, reports AAR Q1 U.S. Bank Freight Payment Index sees shipment and spending declines S&P Global Market Intelligence’s Rogers assesses 2024 import landscape Pitt Ohio exec warns Congress to go slow on truck electrification mandates Q1 intermodal volumes are up for second straight quarter, reports IANA More LogisticsAbout the Author
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May 2, 2024 · As the days of slow, invisible supply chains that “worked behind the scenes” continue to fade in the rearview mirror, companies are improving their demand forecasting, gaining real-time visibility across their networks and streamlining their operations—and its software that makes that all possible.
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