The index ISM uses to measure non-manufacturing growth—known as the NMI—eked out a 0.3% increase to 60.1 (a reading above 50 indicates growth). While the increase was slight, this reading marks the highest reading the NMI has hit since the report’s inception in 2008, as well as the highest reading compared to pre-2008 composite index calculations, with an August 2005 high of 61.3.

Leave a Reply

Your email address will not be published. Required fields are marked *

Post comment