Inside Supply Management Magazine

November/December 2022

November 2022 ISM® Report On Business®: Services

November 08, 2022

In October, the Services PMI® registered 54.4 percent, a 2.3-percentage point decrease compared to the September reading of 56.7 percent. The 12-month average is 58.2 percent, reflecting consistently strong growth in the services sector, which has expanded for 29 consecutive months. A reading above 50 percent indicates the services sector economy is generally expanding; below 50 percent indicates it is generally contracting.


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