Inside Supply Management Magazine
January / February 2020
Articles
December 2020 ISM® Report On Business®: Non-Manufacturing
January 01, 2020
In December, the NMI® registered 55 percent, 1.1 percentage points higher than the 53.9 percent in November. The non-manufacturing sector grew for the 119th consecutive month. A reading above 50 percent indicates the non-manufacturing sector economy is generally expanding; below 50 percent indicates the non-manufacturing sector is generally contracting. The NMI ® for December (55 percent) corresponds to a 2.2-percent increase in real gross domestic product (GDP) on an annualized basis.
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