Inside Supply Management Magazine

May/June 2022

April 2022 ISM® Report On Business®: Services

May 01, 2022

In April, the Services PMI® registered 57.1 percent, a 1.2-percentage point decrease compared to the March reading of 58.3 percent. The 12-month average is 61.8 percent, which reflects consistently strong growth in the services sector. The April reading indicates the services sector grew for the 23rd consecutive month. A reading above 50 percent indicates the services sector economy is generally expanding; below 50 percent indicates the services sector is generally contracting.


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