Inside Supply Management Magazine

September/October 2022

September 2022 ISM® Report On Business®: Services

September 13, 2022

In August, the Services PMI® registered 56.9 percent, a 0.2-percentage point increase compared to the July reading of 56.7 percent. The 12-month average is 59.7 percent, reflecting consistently strong growth in the services sector, which has expanded for 27 consecutive months. 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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