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Non-Manufacturing Business Activity Index

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The Non-Manufacturing Business Activity Index is a seasonally adjusted index released by the Institute for Supply Management measuring business activity and conditions in the United States service economy as part of the Non-Manufacturing ISM Report on Business.[1] The index is composed of 4 sub-indicators, each of which have a 25% weight: business activity, new orders, employment and supplier deliveries.[2][3]

An index greater than 50 indicates growth in business activity.

Recent history

Month NMI®
Apr 2020 41.8
Mar 2020 52.5
Feb 2020 57.3
Jan 2020 55.5
Dec 2019 54.9
Nov 2019 53.9

References

  1. ^ "U.S. May ISM Non-Manufacturing Report on Business". Bloomberg. Retrieved 23 May 2020.{{cite web}}: CS1 maint: url-status (link)
  2. ^ Garmhausen, Steve. "2018 Market Outlook: 8 Charts From Jeffrey Gundlach". www.barrons.com. Retrieved 2020-05-24.
  3. ^ "WSJ.com -- ISM, Nonmanufacturing Index -- Economic Indicators Archive". www.wsj.com. Retrieved 2020-05-24.
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