Services Business Activity Index
The Services (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.<ref>Template:Cite news</ref> The index is composed of 4 sub-indicators, each of which have a 25% weight: business activity, new orders, employment and supplier deliveries.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
An index greater than 50 indicates growth in business activity.
Recent historyEdit
| 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 |