Service sector index rose 1.4 points in July

The NMI® registered 55.3 percent, which is 1.4 percentage points higher than the July reading of 53.9 percent. The non-manufacturing sector has rebounded from the prior month's cooling-off period. The majority of respondents are optimistic about business conditions going forward.

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Service sector index dipped 3.5 points in July to 53.9

The NMI® registered 53.9 percent, which is 3.5 percentage points lower than the June reading of 57.4 percent. The majority of respondents’ comments were mostly positive about business conditions and the state of the economy.

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Manufacturing sector index dipped 1.5 points in July to 56.3

The July PMI® registered 56.3 percent, a decrease of 1.5 percentage points from the June reading of 57.8 percent. Comments from the panel generally reflect expanding business conditions, with new orders, production, employment, backlog and exports all growing in July compared to June.

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ISM: Service sector economy index rose slightly in June

The NMI registered 57.4 percent in June, which is 0.5 percentage point higher than the May reading of 56.9 percent. This represents continued growth in the non-manufacturing sector at a slightly faster rate. The majority of respondents’ comments are positive about business conditions and the overall economy.

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PMI manufacturing index up nearly 3 points in June due to expanding business conditions

The June PMI registered 57.8 percent, an increase of 2.9 percentage points from the May reading of 54.9 percent. Comments from the panel generally reflect expanding business conditions; with new orders, production, employment, backlog and exports all growing in June compared to May and with supplier deliveries and inventories struggling to keep up with the production pace.

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Service sector index dipped 0.6 percent in May, but new job growth still strong

The NMI® registered 56.9 percent, which is 0.6 percentage point lower than the April reading of 57.5 percent. Although the non-manufacturing sector's growth rate dipped in May, the sector continues to reflect strength, buoyed by the strong rate of growth in the Employment Index.

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Manufacturing sector index mostly flat in May; pricing pressure slowing

The May PMI® registered 54.9 percent, an increase of 0.1 percentage point from the April reading of 54.8 percent. The slowing of pricing pressure, especially in basic commodities, should have a positive impact on margins and buying policies as this moderation moves up the value chain.

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Chicago Business Barometer Up 1.1 Points to highest level since November 2014

The MNI Chicago Business Barometer increased to 59.4 in May from 58.3 in April, the highest level since November 2014.

Optimism among firms about business conditions rose for the fourth consecutive month. Four of the five Barometer components led May’s increase, with only New Orders receding.

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April service sector index rose 2.3 percentage points to 55.2

The NMI registered 57.5 percent, which is 2.3 percentage points higher than the March reading of 55.2 percent. In April the non-manufacturing sector reflected strong growth after a slowing in the rate from the previous month.

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April manufacturing sector index fell 2.4 percentage points in April to 54.8

The April PMI registered 54.8 percent, a decrease of 2.4 percentage points from the March reading of 57.2 percent. Comments from the panel generally reflect stable to growing business conditions; with new orders, production, employment and inventories of raw materials all growing in April over March.

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Service sector economy index rose to 55.7 percent in April

The NMI® registered 55.7 percent in April, 1.2 percentage points higher than the March reading of 54.5 percent. The majority of the respondents’ comments reflect optimism about the business climate and the direction of the economy.

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NMI® HISTORY
Month	NMI®	Month	NMI®
Apr 2016	55.7	Oct 2015	58.3
Mar 2016	54.5	Sep 2015	56.7
Feb 2016	53.4	Aug 2015	58.3
Jan 2016	53.5	Jul 2015	59.6
Dec 2015	55.8	Jun 2015	56.2
Nov 2015	56.6	May 2015	55.9
Average for 12 months – 56.2 High – 59.6 Low – 53.4

Manufacturing sector index fell to 50.8 percent in April but still in positive territory

The April PMI registered 50.8 percent, a decrease of 1 percentage point from the March reading of 51.8 percent. 15 of 18 industries reported an increase in production in April (up from 12 in March).

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              THE LAST 12 MONTHS

Month	PMI®		Month	PMI®
Apr 2016	50.8		Oct 2015	49.4
Mar 2016	51.8		Sep 2015	50.0
Feb 2016	49.5		Aug 2015	51.0
Jan 2016	48.2		Jul 2015	51.9
Dec 2015	48.0		Jun 2015	53.1
Nov 2015	48.4		May 2015	53.1
Average for 12 months – 50.4 High – 53.1 Low – 48.0