February 2022 ISM® Report On Business®: Hospital PMI®

The Hospital PMI® registered 56.9 percent in February, a 7.2-percentage point decrease compared to January, indicating a 21st consecutive month of growth. The February reading is the lowest since January 2021. The Business Activity Index decreased in February, while the New Orders Index fell into contraction territory for the first time since January 2021. The Employment Index expanded for the first time since June 2021. The Case Mix Index registered 55.5 percent, a 0.5-percentage point increase compared to January. The Days Payable Outstanding Index reading of 56 percent is up 8.5 percentage points compared to January. The Technology Spend Index registered 53.5 percent, a 1-percentage point decrease from the January reading.