by Calculated Risk on 2/03/2022 10:03:00 AM
(Posted with permission). The December ISM(R) Services index was at 59.9%, down from 62.3% last month. The employment index decreased to 52.3%, from 54.7%. Note: Above 50 indicates expansion, below 50 in contraction.
From the Institute for Supply Management: Services PMI(R) at 59.9% January 2022 Services ISM(R) Report On Business(R)
The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management(R) (ISM(R)) Services Business Survey Committee: “In January, the Services PMI(R) registered 59.9 percent, 2.4 percentage points below December’s seasonally adjusted reading of 62.3 percent. The Business Activity Index registered 59.9 percent, a decrease of 8.4 percentage points compared to the seasonally adjusted reading of 68.3 percent in December, and the New Orders Index registered 61.7 percent, 0.4 percentage point lower than the seasonally adjusted reading of 62.1 percent reported in December.
The employment index decreased to 52.3%, from 54.7% the previous month.