May Service Sector Index rose 1.8 points to 58.6, but uncertainty remains

The NMI® registered 58.6 percent, which is 1.8 percentage points higher than the April reading of 56.8 percent. There continue to be concerns about the uncertainty surrounding tariffs, trade agreements and the impact on cost of goods sold.

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April service sector economy index dips 2.0 points due to concerns about tariffs and inflation

The April NMI® registered 56.8 percent, which is 2 percentage points lower than the March reading of 58.8 percent. There was a slowing in the rate of growth that was mostly attributed to the decline in the Employment and Supplier Deliveries indexes. The respondents have expressed concern regarding the uncertainty about tariffs and the effect on the cost of goods.

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February service sector index dipped 0.4 points to 59.9, but still represents strong growth

The February NMI® registered 59.5 percent, which is 0.4 percentage point lower than the January reading of 59.9 percent but still reflected the second consecutive month of strong growth. The majority of respondents' continue to be positive about business conditions and the economy.

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Non-manufacturing index dipped to 55.9 percent in December

The NMI® registered 55.9 percent, which is 1.5 percentage points lower than the November reading of 57.4 percent. There has been a second consecutive month of pullback in the rate of growth. Overall, the majority of respondents' comments indicate that they finished the year on a positive note. They also indicate optimism for business conditions and the economic outlook going forward.

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ISM November non-manufacturing index dips 2.7 points to 60.1

The NMI® registered 57.4 percent, which is 2.7 percentage points lower than the October reading of 60.1 percent. Comments from the survey respondents indicate that the economy and sector will continue to grow for the remainder of the year.

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October service sector index reaches highest level since August 2005

The NMI® registered 60.1 percent in October, which is 0.3 percentage point higher than the September reading of 59.8 percent. This is the highest NMI® reading since the index’s debut in 2008. The highest reading among pre-2008 composite index calculations is 61.3 percent in August 2005.

The non-manufacturing sector has reflected the third consecutive month of strong growth. Respondent comments continue to indicate a positive outlook for business conditions, and the economy as we begin the fourth quarter.

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September ISM Non-Manufacturing Sector Index rose 4.5 points from August, highest reading since mid-2005

The NMI® registered 59.8 percent, which is 4.5 percentage points higher than the August reading of 55.3 percent. This is the highest reading since August 2005 when the index registered 61.3 percent. The non-manufacturing sector has reflected strong growth in the month of September despite the impact on the supply chain from the recent hurricanes.

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