Editing Services Business Activity Index

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{{Refimprove|date=June 2020}}
{{Update|date=November 2010}}
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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>{{Cite news|title=U.S. May ISM Non-Manufacturing Report on Business|url=https://www.bloomberg.com/news/articles/2011-06-03/u-s-may-ism-non-manufacturing-report-on-business-text-|last=|first=|date=3 June 2011|newspaper=Bloomberg.com|archive-url=|archive-date=|access-date=23 May 2020}}</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>{{Cite web|title=2018 Market Outlook: 8 Charts From Jeffrey Gundlach|url=https://www.barrons.com/articles/2018-market-outlook-8-charts-from-jeffrey-gundlach-1516286815|last=Garmhausen|first=Steve|website=www.barrons.com|language=en-US|access-date=2020-05-24}}</ref><ref>{{Cite web|title=WSJ.com -- ISM, Nonmanufacturing Index -- Economic Indicators Archive|url=https://www.wsj.com/public/resources/documents/bbnonman.htm|website=www.wsj.com|access-date=2020-05-24}}</ref>

An index greater than 50 indicates growth in business activity.

== Recent history ==
{| class="wikitable"
!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==
{{Reflist}}

== External links ==
* [https://www.instituteforsupplymanagement.org/ismreport/nonmfgrob.cfm Non-manufacturing ISM Report on Business]

[[Category:Business indices]]