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Economy

Economic Data (USA)

Friday, June 14, 2024

Consumer Price Index (CPI) for May 2024

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for May 2024:


=========================================

CPI During May 2024: 314.069

=========================================

Consumer Price Index, Headline

Predicted: +0.5%

->  Actual: +0.17% (+0.521 points) M/M

 > Year-on-Year Change: +3.27% (+9.942 points)


=========================================

Consumer Price Index, Minus Food + Energy (Core CPI)

Predicted: +0.5%

 - > Actual: +0.205% (+0.651 point) M/M

Year-on-Year Change: +3.42% (+10.533 points)


=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

========================================

CPI During May 2023: 304.127

========================================

CHART: Consumer Price Index 12-Month Percentage Change - May 2024 Update
CHART: Consumer Price Index
12-Month Percentage Change
May 2024 Update

========================================

=========================================

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Thursday, May 16, 2024

Consumer Price Index (CPI) for April 2024

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for April 2024:


=========================================

CPI During April 2024: 313.548

=========================================

Consumer Price Index, Headline

Predicted: +0.5%

->  Actual: +0.39% (+1.216 points) M/M

 > Year-on-Year Change: +3.36% (+10.185 points)


=========================================

Consumer Price Index, Minus Food + Energy (Core CPI)

Predicted: +0.5%

 - > Actual: +0.28% (+0.89 point) M/M

Year-on-Year Change: +3.61% (+11.079 points)


=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

========================================

CPI During April 2023: 303.363

========================================

CHART: Consumer Price Index 12-Month Percentage Change - APRIL 2024 Update
 CHART: Consumer Price Index
12-Month Percentage Change
APRIL 2024 Update

========================================

=========================================

 

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Thursday, April 11, 2024

Consumer Price Index (CPI) for March 2024

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for March 2024:


=========================================

CPI During March 2024: 312.332

=========================================

Consumer Price Index, Headline

Predicted: +0.5%
Actual: +0.65% (+2.006 points)

  • Change From 12 Months Ago: +3.48% (+10.496 points)


=========================================

Consumer Price Index, Minus Food + Energy (Core CPI)

Predicted: +0.5%
Actual: +0.53% (+1.669 points)

Change From 12 Months Ago: +3.8% (+11.612 points)


=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

========================================

CPI During March 2023: 301.836

========================================

 
CHART: Consumer Price Index 12-Month Percentage Change - March 2024 Update

 CHART: Consumer Price Index
12-Month Percentage Change
March 2024 Update

========================================

=========================================

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Tuesday, March 12, 2024

Consumer Price Index (CPI) for February 2024

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for February 2024:


=========================================

CPI During February 2024: 310.326

=========================================

Consumer Price Index, Headline

Predicted: +0.5%
Actual: +0.62% (+1.909 points)

  • Change From 12 Months Ago: +3.15% (+9.486 points)


=========================================

Consumer Price Index, Minus Food + Energy (Core CPI)

Predicted: +0.5%
Actual: +0.57% (+1.796 points)

Change From 12 Months Ago: +3.75% (+11.408 points)


=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

========================================

CPI During February 2023: 300.840

========================================

 
CHART: Consumer Price Index 12-Month Percentage Change - February 2024 Update
CHART: Consumer Price Index
12-Month Percentage Change
February 2024 Update

========================================

=========================================

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Tuesday, February 13, 2024

Consumer Price Index (CPI) for January 2024

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for January 2024:


=========================================

CPI During January 2024: 308.417

=========================================

Consumer Price Index, Headline

Predicted: +0.3%
Actual: +0.545% (+1.671 points)

  • Change From 12 Months Ago: +3.09% (+9.247 points)


=========================================

Consumer Price Index, Minus Food + Energy (Core CPI)

Predicted: +0.3%
Actual: +0.55% (+1.716 point)

Change From 12 Months Ago: +3.86% (+11.661 points)


=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

========================================

CPI During January 2023: 299.170

========================================

 
 CHART: Consumer Price Index
12-Month Percentage Change
January 2024 Update

========================================

 


=========================================

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Friday, January 12, 2024

Consumer Price Index (CPI) for December 2023

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for December 2023:


=========================================

CPI During December 2023: 306.746

=========================================

Consumer Price Index, Headline

Predicted: +0.2%
Actual: -0.1% (-0.305 point)

  • Change From 12 Months Ago: +3.352% (+9.949 points)


=========================================

Consumer Price Index, Minus Food + Energy (Core CPI)

Predicted: +0.2%
Actual: +0.1% (+0.301 point)

Change From 12 Months Ago: +3.93% (+11.794 points)


=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

========================================

CPI During December 2022: 296.797

========================================

 
CHART: Consumer Price Index 12-Month Percentage Change December - 2023 Update
CHART: Consumer Price Index
12-Month Percentage Change
December 2023 Update

========================================

 


=========================================

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Wednesday, November 15, 2023

Consumer Price Index (CPI) for October 2023

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for October 2023:


=========================================

CPI During October 2023: 307.671

=========================================

Consumer Price Index, Headline

Predicted: +0.3%
Actual: -0.038% (-0.118 points)

  • Change From 12 Months Ago: +3.241% (+9.659 points)


=========================================

Consumer Price Index, Minus Food + Energy (Core CPI)

Predicted: +0.3%
Actual: +0.181% (+0.563 point)

Change From 12 Months Ago: +4.031% (+12.065 points)


=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

========================================

CPI During September 2022: 298.012

========================================

 
CHART: Consumer Price Index 12-Month Percentage Change - October 2023 Update

CHART: Consumer Price Index
12-Month Percentage Change
October 2023 Update

========================================

 


=========================================

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Monday, October 16, 2023

Consumer Price Index (CPI) for September 2023

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for September 2023:


=========================================

CPI During September 2023: 307.789

=========================================

Consumer Price Index, Headline

Predicted: +0.3%
Actual: +0.249% (+0.763 points)

  • Change From 12 Months Ago: +3.7% (+10.981 points)


=========================================

Consumer Price Index, Minus Food + Energy (Core CPI)

Predicted: +0.3%
Actual: +0.23% (+0.714 point)

Change From 12 Months Ago: +4.15% (+12.375 points)


=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

========================================

CPI During September 2022: 296.808

========================================

 
CHART: Consumer Price Index 12-Month Percentage Change - September 2023 Update
CHART: Consumer Price Index
12-Month Percentage Change
September 2023 Update

========================================

 


=========================================


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Wednesday, September 13, 2023

Consumer Price Index (CPI) for August 2023

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for August 2023:


=========================================

CPI During August 2023: 307.026

=========================================

Consumer Price Index, Headline

Predicted: +0.2%
Actual: +0.437% (+1.335 points)

  • Change From 12 Months Ago: +3.67% (+10.855 points)


=========================================

Consumer Price Index, Minus Food + Energy (Core CPI)

Predicted: +0.5%
Actual: +0.23% (+0.701 point)

Change From 12 Months Ago: +4.35% (+12.925 points)


=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

========================================

CPI During August 2022: 296.171

========================================

 
CHART: Consumer Price Index 12-Month Percentage Change - August 2023 Update
CHART: Consumer Price Index
12-Month Percentage Change
August 2023 Update

========================================

 


=========================================


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Saturday, August 12, 2023

Consumer Price Index (CPI) for July 2023

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for July 2023:


=========================================

CPI During July 2023: 305.691

=========================================

Consumer Price Index, Headline

Predicted: +0.2%
Actual: +0.191% (+0.582 point)

  • Change From 12 Months Ago: +3.18% (+9.415 points)


=========================================

Consumer Price Index, Minus Food + Energy (Core CPI)

Predicted: +0.5%
Actual: +0.16% (+0.492 point)

Change From 12 Months Ago: +4.65% (+13.756 points)


=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

========================================

CPI During July 2022: 296.276

========================================

CHART: Consumer Price Index 12-Month Percentage Change - July 2023 Update

CHART: Consumer Price Index
12-Month Percentage Change
July 2023 Update

========================================

 


=========================================

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Wednesday, July 12, 2023

Consumer Price Index (CPI) for June 2023

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for June 2023:


=========================================

CPI During June 2023: 305.109

=========================================

Consumer Price Index, Headline

Predicted: +0.5%
Actual: +0.323% (+0.982 point)

  • Change From 12 Months Ago: +2.97% (+8.798 points)


=========================================

Consumer Price Index, Minus Food and Energy (Core CPI)

Predicted: +0.5%
Actual: +0.264% (+0.814 point)

Change From 12 Months Ago: +4.83% (+14.23 points)


=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

=========================================

CPI During June 2022: 296.311

========================================

 CHART: Consumer Price Index 12-Month Percentage Change - June 2023 Update

CHART: Consumer Price Index
12-Month Percentage Change
June 2023 Update

========================================

 


=========================================


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Tuesday, June 13, 2023

Consumer Price Index (CPI) for May 2023

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for May 2023:


=========================================

CPI During May 2023: 304.127

=========================================

Consumer Price Index, Headline

Predicted: +0.5%
Actual: +0.252% (+0.764 point)

  • Change From 12 Months Ago: +4.048% (+11.831 points)


=========================================

Consumer Price Index, Minus Food and Energy (Core CPI)

Predicted: +0.5%
Actual: +0.39% (+1.197 points)

Change From 12 Months Ago: +5.33% (+15.59 points)


=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

=========================================

CPI During  May 2022: 292.296

=========================================

 CHART: Consumer Price Index 12-Month Percentage Change - May 2023 Update

CHART: Consumer Price Index
12-Month Percentage Change
 May 2023 Update

=========================================

 


=========================================


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Monday, June 05, 2023

ISM Non-Manufacturing Index (NMI®) for May 2023

Earlier today, the Institute for Supply Management (ISM®) released their Non-Manufacturing Index (NMI®) for May 2023:

==========

Predicted: 51.0%
  • Actual: 50.3%  (-1.6 points month-on-month change)

==========

Previous month (revised): 51.9%

==========

The NMI is a reliable barometer of the U.S. services sector; above 50% implies expansion, while a reading below 50% implies that the services sector contracted.

Service Categories Include: Agriculture, Forestry, Fishing + Hunting; Mining; Utilities; Construction; Wholesale Trade; Retail Trade; Transportation + Warehousing; Information; Finance + Insurance; Real Estate, Rental + Leasing; Professional, Scientific + Technical Services; Management of Companies + Support Services; Educational Services; Health Care + Social Assistance; Arts, Entertainment + Recreation; Accommodation + Food Services; Public Administration; and Other Services (services such as Equipment + Machinery Repairing; Promoting or Administering Religious Activities; Grantmaking; Advocacy; and Providing Dry-Cleaning + Laundry Services, Personal Care Services, Death Care Services, Pet Care Services, Photofinishing Services, Temporary Parking Services, and Dating Services).

==========

From today' report:

"...Economic activity in the services sector expanded in May for the fifth consecutive month as the Services PMI® registered 50.3 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 35 of the last 36 months, with the lone contraction in December of last year..."
===========

Here's A Sampling Of Comments
Made By Survey Participants:


  • "...'Restaurant sales continue to track positive year over year, up an average of 8% past month. Employment needs have leveled off, and we are in a position to evaluate and upgrade rather than just maintain. Supply chain pressures have eased overall with some categories still hot spots. We are in a position to continue investing in technology upgrades and restaurant remodels.'
    [Accommodation & Food Services]

  • 'Overall slowing growth and market conditions dragging on some construction sectors.'
    [Construction]

  • 'As a higher-education institute, enrollment will have a major impact on our institution. Factors to consider will be the economy (state and national), as well as continued funding for education. Our enrollment is currently projected to drop 2.5%, which will have a negative effect on our budget.'
    [Educational Services]

  • 'Pent-up demand for services is driving strong revenue performance, but expenses (labor and supplies) continue to put pressure on margins, hindering the financial forecast. There is modest improvement in financial metrics, but it is becoming clear we will have to find ways to do more with less. Supply chains are stabilizing, though some segments remain choppy. The overall outlook, however, suggests the forecast is good for the next quarter. Pent-up demand for services is also causing capacity constraints, but we appear to be managing appropriately at this time.'
    [Health Care & Social Assistance]

  • 'Electronic components supply is strong, and lead times are nearly back to pre-pandemic.'
    [Information]

  • 'Economy is slowing amid increased financial banking and leasing activity. Credit standards have increased, and approvals have fallen -- thus, a tight credit situation.'
    [Management of Companies & Support Services]

  • 'Everything seems to have leveled off: not getting any worse, not getting any better.'
    [Professional, Scientific & Technical Services]

  • 'Lead times are starting to shorten, due in part to greater transportation availability. Prices, in general, are continuing to increase but at a slower pace. Supply chain is becoming much more reliable.'
    [Public Administration]

  • 'Overall business is good, and there has not been a significant change in direction.'
    [Retail Trade]

  • 'Business has significantly increased, with more orders, newer customers and more activity in general. More end users are getting back to business as usual, fighting for lower prices and taking a few more days to pay. The leverage point seems to have shifted back to end users, which is healthy.'
    [Transportation & Warehousing]

  • 'Business conditions continue to remain elevated as CapEx (capital expenditures) spending in clean energy follows regulatory demands.'
    [Utilities]

  • 'Supply is plentiful, freight is moving quickly and costs are coming down. This is a 180-degree change from a year ago. Also, sales demand is down.'
    [Wholesale Trade]..."

===========


==========

CHART: ISM Non-Manufacturing (Services) Index (NMI®) - May 2023 Update

CHART: ISM Non-Manufacturing (Services) Index
(NMI®) May 2023 Update

==========
 

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Wednesday, May 10, 2023

Consumer Price Index (CPI) for April 2023

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for April 2023:


=========================================

CPI During April 2023: 303.363

=========================================

Consumer Price Index, Headline

Predicted: +0.5%
Actual: +0.506% (+1.527 points)

  • Change From 12 Months Ago: +4.93% (+14.254 points)


=========================================

Consumer Price Index, Minus Food and Energy (Core CPI)

Predicted: +0.5%
Actual: +0.466% (+1.423 points)

Change From 12 Months Ago: +5.52% (+16.053 points)


=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

=========================================

CPI During  April 2022: 289.109

=========================================

 CHART: Consumer Price Index 12-Month Percentage Change - April 2023 Update

CHART: Consumer Price Index
12-Month Percentage Change
 April 2023 Update

=========================================

 


=========================================

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Sunday, June 05, 2022

ISM Non-Manufacturing Index (NMI®) for May 2022

Earlier today, the Institute for Supply Management (ISM®) released their Non-Manufacturing Index (NMI®) for May 2022:

==========

Predicted: 56.0%
  • Actual: 55.9%  (-1.2 points month-on-month change)

==========

Previous month (revised): 57.1%

==========

The NMI is a reliable barometer of the U.S. services sector; above 50% implies expansion, while a reading below 50% implies that the services sector contracted.

Service Categories Include: Agriculture, Forestry, Fishing + Hunting; Mining; Utilities; Construction; Wholesale Trade; Retail Trade; Transportation + Warehousing; Information; Finance + Insurance; Real Estate, Rental + Leasing; Professional, Scientific + Technical Services; Management of Companies + Support Services; Educational Services; Health Care + Social Assistance; Arts, Entertainment + Recreation; Accommodation + Food Services; Public Administration; and Other Services (services such as Equipment + Machinery Repairing; Promoting or Administering Religious Activities; Grantmaking; Advocacy; and Providing Dry-Cleaning + Laundry Services, Personal Care Services, Death Care Services, Pet Care Services, Photofinishing Services, Temporary Parking Services, and Dating Services).

==========

From today' report:

"...Economic activity in the services sector grew in May for the 24th month in a row -- with the Services PMI® registering 55.9 percent -- say the nation’s purchasing and supply executives in the latest Services ISM® Report On Business®..."

===========

Here's A Sampling Of Comments
Made By Survey Participants:
:

  • "...'Supply chain improving, with more reliability of supplier deliveries. Inflationary pressures increased on goods and services. Employment also improving in most markets. Fewer daily fires and more planning time.'
     [Accommodation + Food Services]


    'Demand seems to be very high for all of the high-voltage electric products we purchase. Lead times are quadruple what they normally are.'
     [Construction]


    'Long lead times continue to plague equipment deliveries; higher prices or surcharges added to pricing proposals. The ban on Russian imports is causing a shortage of gasses, especially helium. There has been an increase in new college applicants, signaling a strengthening of the higher education sector.'
     [Educational Services]


    'The paper industry is still being hampered by employment issues, freight costs and scarcity of truckers, as well as the war in Ukraine. European paper sent to North America is being slashed due to the war and the lack of fiber, along with high energy costs. Mills in North America are still struggling to keep up with demand.'
     [Information]


    'Unstable prices on various commodities are making budgetary planning difficult. We are maintaining a cautious approach due to energy costs continuing to increase.'
     [Management of Companies + Support Services]


    'Demand for all labor types remains strong, as open positions continue to exceed candidates to fill those positions. Light industrial, heavy industrial and information technology labor roles are particularly difficult to fill. Companies are having to pay more and offer incentives to attract talent. Resignations continue at a record pace across all age groups, and baby boomer retirements continue to increase.'
     [Professional, Scientific + Technical Services]


    'Concerns about how the new COVID-19 subvariants and rising cases may impact staffing.'
     [Public Administration]


    'Chip shortage showing no signs of easing.'
     [Retail Trade]


    'Exhausting. Continuous shortages, transportation delays and price increases all contribute to the destruction of historical lead times and firm commitments on delivery dates. This requires placing orders earlier and qualifying secondary sources. It is relentless.'
     [Utilities]


    'National consumer and builder demand continues to drive sales domestically. COVID-19 in China continues to affect our supply chain more than the Russia-Ukraine war.'
     [Wholesale Trade]..."

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CHART: ISM Non-Manufacturing (Services) Index (NMI®) - May 20222 Update

CHART: ISM Non-Manufacturing (Services) Index (NMI®)
May 20222 Update



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Tuesday, April 05, 2022

ISM Non-Manufacturing Index (NMI®) for March 2022

Earlier today, the Institute for Supply Management (ISM®) released their Non-Manufacturing Index (NMI®) for March 2022:

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Predicted: 58.0%
  • Actual: 58.3%  (+1.8 points month-on-month change)

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Previous month (revised): 56.5%

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The NMI is a reliable barometer of the U.S. services sector; above 50% implies expansion, while a reading below 50% implies that the services sector contracted.

Service Categories Include: Agriculture, Forestry, Fishing + Hunting; Mining; Utilities; Construction; Wholesale Trade; Retail Trade; Transportation + Warehousing; Information; Finance + Insurance; Real Estate, Rental + Leasing; Professional, Scientific + Technical Services; Management of Companies + Support Services; Educational Services; Health Care + Social Assistance; Arts, Entertainment + Recreation; Accommodation + Food Services; Public Administration; and Other Services (services such as Equipment + Machinery Repairing; Promoting or Administering Religious Activities; Grantmaking; Advocacy; and Providing Dry-Cleaning + Laundry Services, Personal Care Services, Death Care Services, Pet Care Services, Photofinishing Services, Temporary Parking Services, and Dating Services).

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From today' report:

"...Economic activity in the services sector grew in March for the 22nd month in a row, with the Services PMI® registering 58.3 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®..."

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Here's A Sampling Of Comments
Made By Survey Participants:
:


  • "...'Supply chain challenges continue at about the same levels as last month. Employment has improved as COVID-19 cases are declining. Restaurant sales have improved since Valentine’s Day, with mask and vaccine verification mandates being dropped.'
     [Accommodation + Food Services]


    'Grain and fertilizer prices are near all-time highs, resulting in decreased purchasing.'
     [Agriculture, Forestry, Fishing + Hunting]


    '
    Labor and inflation continue to push costs higher across the board for food and food-service supplies.'
     [Educational Services]


    'Pricing pressures are stronger than ever due to the Russia-Ukraine [war], and energy costs are skyrocketing.'
     [Construction]


    'Supply chain disruptions are still a problem due to reduced allocations and manufacturer back orders. Demand continues to outpace manufacturing capacity.'
     [Health Care + Social Assistance]


    'Energy costs are putting a pinch on all suppliers. We have received many surcharge notices.'
     [Information]


    'Concerns over
    inflation and rising energy prices are causing our company to take a cautious approach, especially related to planned capital expenditures.'
     [Management of Companies + Support Services]


    'Long lead times for electronic components are becoming normal and expected. Chemical deliveries are often delayed due to a lack of qualified hazardous materials drivers.'
     [Public Administration]


    'Global supply chain issues continue to disrupt chip supply, which is suppressing production of new vehicles.'
     [Retail Trade]


    'We are still seeing raw material subcomponent shortages, transportation delays and price increases.'
     [Utilities]


    'Constrained supply of many key product groups continues. Inflation worsening. Overall sales and profitability continue to be strong.'
     [Wholesale Trade]..."

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CHART: ISM Non-Manufacturing (Services) Index (NMI®) - March 20222 Update

CHART: ISM Non-Manufacturing (Services) Index (NMI®)
March 20222 Update

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