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Tag Archives: institute for supply management

Manufacturing gauge sinks to June 2009 level

WASHINGTON — A measure of U.S. manufacturing fell in May to its lowest level since June 2009 as slumping overseas economies and weak business spending reduced new orders and production. The Institute for Supply Management said Monday that its index ...

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Durable goods orders rise 3.3 percent in April

WASHINGTON — U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for aircraft and stronger business investment. The gains suggest economic growth may be holding steady this spring. Orders for durable goods, items expected to last ...

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Service firms grow more slowly, hiring weakens

WASHINGTON — Two reports Wednesday showed that U.S. service companies grew more slowly in March and private employers pulled back on hiring. The declines suggest businesses may have grown more cautious last month after federal spending cuts took effect. The ...

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Service firms grows at fastest pace in a year

WASHINGTON — U.S. service companies grew in February at the fastest pace in a year, buoyed by higher sales and more new orders. The Institute for Supply Management says its index of non-manufacturing activity rose to 56 in February from ...

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Factories grow at fastest pace since June 2011

WASHINGTON — U.S. manufacturing expanded in February at the fastest pace since June 2011, buoyed by increases in new orders and production. The third straight month of growth suggests factories may help the economy this year after slumping through most ...

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Service firms pick up pace in August

WASHINGTON — U.S. service companies expanded at a faster pace in August than July, helped by stronger hiring. The growth at firms that employ roughly 90 percent of the work force suggests the economy is slowly improving. The Institute for ...

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Service firms grew slightly faster in July

WASHINGTON — U.S. service companies, which employ 90 percent of Americans, grew at a slightly faster pace in July. The Institute for Supply Management reported Friday that its index of non-manufacturing activity picked up slightly last month with a reading ...

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