Supply Management

WASHINGTON | Survey: US services firms grew in November

WASHINGTON — U.S. services firms grew at a slightly stronger pace in November, a sign that the recent stock market sell-offs have yet to dampen enthusiasm among consumers. The Institute for Supply Management, which is composed of purchasing managers, reported Thursday that its services index rose to 60.7 last month, up from 60.3 in October. … Continue reading WASHINGTON | Survey: US services firms grew in November

WASHINGTON | US services firms grew at a record pace in September

WASHINGTON— U.S. services firms expanded at a record pace last month, stepping up production and hiring, in another sign of strength for the American economy. The Institute for Supply Management, a trade group of purchasing managers, reports that its services index hit 61.6 in September, up from 58.5 in August and the highest in records … Continue reading WASHINGTON | US services firms grew at a record pace in September

WASHINGTON | US factories grew at faster pace in August

WASHINGTON— U.S. factories grew at a faster pace in August as American industry continues to show robust health. The Institute for Supply Management, a trade group of purchasing managers, said Tuesday that its manufacturing index jumped last month to 61.3 from 58.1 in July. Anything over 50 signals growth, and U.S. manufacturing is on a … Continue reading WASHINGTON | US factories grew at faster pace in August

WASHINGTON | US services firms saw growth slowdown in July

WASHINGTON — U.S. services companies grew at a slower pace in July as business activity and new orders slipped. The Institute for Supply Management said Friday that its services index fell to 55.7 last month compared to 59.1 in June. Readings greater than 50 signal an expanding economy. The services sector, where most Americans are … Continue reading WASHINGTON | US services firms saw growth slowdown in July

WASHINGTON | US factories grew at a slower pace in July

WASHINGTON — U.S. factories grew at a slower pace in July, but American industry remains healthy despite growing concern about trade conflicts. The Institute for Supply Management, a trade group of purchasing managers, said Wednesday that its manufacturing index slipped last month to 58.1 from 60.2 in June. Anything over 50 signals growth, and U.S. manufacturing … Continue reading WASHINGTON | US factories grew at a slower pace in July

WASHINGTON | US services firms grew at faster pace in May

WASHINGTON (AP) — U.S. services firms expanded at stronger pace in May compared to the prior month, as companies saw gains in business activity, new orders and employment. The Institute for Supply Management says its services index rose to 58.6, from 56.8 in April. Any reading above 50 signals growth. The services sector has expanded … Continue reading WASHINGTON | US services firms grew at faster pace in May