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Tag Archives: institute for supply management

Service firms grew at slowest pace in 2 years

WASHINGTON — U.S. service companies grew in June at the slowest pace in nearly two and a half years, more evidence that the economy has weakened. But those same firms boosted hiring last month, supporting other data that show job ...

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Manufacturing shrinks for first time in 3 years

WASHINGTON — U.S. manufacturing shrank in June for the first time in nearly three years, adding to signs that economic growth is weakening. Production declined, and the number of new orders plunged, according to a monthly report released Monday by ...

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Service companies expanded in May

WASHINGTON — U.S. service companies, which employ roughly 90 percent of the work force, grew at a slightly faster pace in May, marking the 29th straight month of expansion. The Institute for Supply Management said Tuesday that its index of ...

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Factory orders fell 0.6 percent in April

WASHINGTON — Companies placed fewer orders to U.S. factories for the second straight month and a key measure that tracks business investment plans fell, adding to evidence that the economy is weakening. The Commerce Department said Monday that orders for ...

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Factory activity grew more slowly in May

WASHINGTON — U.S. manufacturing grew more slowly in May, hampered weaker hiring and declining production. But a measure of new orders rose to a 13-month high, suggesting factory activity will pick up in June. The Institute for Supply Management, a ...

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U.S. durable goods orders up 0.2 percent in April

WASHINGTON — Orders for long-lasting factory goods edged up slightly in April. But a measure of tracks business investment spending fell for a second straight month. Durable goods orders increased 0.2 percent last month after a 3.7 percent decline in ...

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Hiring slows sharply in April, just 115K jobs added

WASHINGTON — U.S. employers pulled back on hiring in April for the second straight month, evidence of an economy still growing only sluggishly. The unemployment rate dipped, but only because more people gave up looking for work. The Labor Department ...

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Factory orders fell in March by most in 3 years

WASHINGTON — Demand for U.S. factory goods dropped in March by the most in three years, driven lower by a sharp fall in volatile orders for commercial aircraft. Still, more recent data suggest the decline may be temporary. The Commerce ...

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Manufacturing grows at fastest pace since June

WASHINGTON — U.S. manufacturing grew last month at the fastest pace in 10 months. New orders, production and a measure of hiring all rose. The strength at U.S. factories suggests the economy is healthier than recent data had indicated. That’s ...

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Service firms grow at steady pace, boost hiring

WASHINGTON — U.S. service companies expanded at a healthy pace last month and stepped up hiring, more evidence that the economy is growing and adding jobs. The Institute for Supply Management said Wednesday that its index of non-manufacturing activity dropped ...

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