Pass4sure PMI-PBA Question Bank bank with PDF Dumps

killexams.com provides the most recent and 2022 refreshed killexams PMI-PBA Practice Test with Actual Exam Questions and Answers for new subjects of PMI PMI-PBA Exam. Practice our PMI-PBA PDF Dumps and Answers to Improve your insight and finish your test with High Marks. We 100 percent ensure that you will address every one of the inquiries in the genuine PMI-PBA test and Pass with our real PMI-PBA questions.

Exam Code: PMI-PBA Practice test 2022 by Killexams.com team
PMI Professional in Business Analysis
PMI Professional information search
Killexams : PMI Professional information search - BingNews https://killexams.com/pass4sure/exam-detail/PMI-PBA Search results Killexams : PMI Professional information search - BingNews https://killexams.com/pass4sure/exam-detail/PMI-PBA https://killexams.com/exam_list/PMI Killexams : 15 Project Management Tools For SEO Professionals

Search engine optimization is complex.

Between changes to search algorithms, new keywords, and strategic changes made by competitors, the field is in a constant state of flux.

If you’re like most SEO pros, at any given time, you’re juggling numerous projects, plans, and tasks.

Just staying organized can feel like a full-time job in itself.

Luckily, you can put technology to work for you in the form of project management (PM) tools.

Why SEO Professionals Need Project Management Tools

If you’re already using a project management platform, you undoubtedly recognize the benefits it provides for busy digital marketers and web teams.

If you’re still getting by without one, you should get one as soon as possible. Why you ask?

Because it can uncomplicate your life and help you get more done in less time.

Some of the essential functions a good project management platform provides for SEO professionals are:

  • Accurate planning. From a bird’s eye view of all your campaigns to detailed information on how a specific keyword performs, SEO project management software allows you to create structured plans.
  • Task and time management. Whether you’re working solo or as part of a team, PM tools allow you to assign tasks and receive notifications about them, so you can more accurately work hours. This can also be used to generate accurate invoices for your clients.
  • Resource allocation. An SEO PM software will supply you at-a-glance information about where your budget and resources are going. Useful for SEO, it’s also extremely helpful if you’re also running pay-per-click ads.
  • Reporting. Most modern PM platforms offer robust reporting features and dashboards, so you can generate and analyze data to Boost efficiency.

It’s easy to see why so many SEO professionals have turned to PM platforms to help them stay organized and productive, but there are a lot of options.

How do you know which one is right for you and your team?

We’ve compiled a list of some of the top ones. Below, you’ll find our choices for the 15 best PM tools with a brief overview of each, including pros and cons.

Our Top 15 Project Management Platforms For SEO

1. Asana

The PM platform used by Search Engine Journal, Asana is a personal favourite.

This cloud-based platform provides a virtual workspace from which your team and various stakeholders can collaborate.

It’s useful for SEO and digital marketing because it allows you to clearly set and manage strategies, goals, tasks, and expectations.

Why It’s Good For SEO:

  • Task management: Using the forms feature, you can create standard workflows customized to your SEO processes.
  • Automated workflow: Rules-based automation can replace tedious manual tasks.
  • Reporting features: Asana has dashboards, charts, and graphs with real-time reporting, so you can get a high-level view or dive into the details.
  • Free for up to 15 users: Asana has a free tier that can be used by teams of 15 or less. It includes unlimited tasks, messages, projects, and 100MB of storage for each user.
  • Integrations: Asana plays nice with more than 100 other apps and platforms, including Microsoft Office, Dropbox, and Salesforce.

Potential Drawbacks For SEO:

  • Unintuitive design: If you’ve never used Asana before, it can be a little challenging to figure out. However, once you’ve mastered the learning curve, it’s quite easy to use.
  • No time tracking functionality: There is no built-in time tracking functionality in this platform. This can cause complications in billing clients or resource allocation.
  • Not ideal for small teams: With a range of advanced features and capabilities, it can be overwhelming for small teams or limited SEO projects.

 2. Monday.com

Garfield may hate Mondays, but SEO professionals who use Monday.com for project management sure don’t.

With an operating system that can be customized to your preferred workflow, it’s a great choice for smaller SEO teams looking for a tool to help them stay on track.

Why It’s Good For SEO:

  • Clean user interface: Monday.com has a clean interface that allows you to customize your dashboard and extend data in columns. You can easily get multiple views of an SEO project including calendars, Kanban boards, and collateral.
  • Templates: Monday.com has many templates to choose from, so you will likely find one that matches your workflow.
  • Notifications and communication: This platform streamlines team communication. Team members can leave comments on tasks or documents and stakeholders can be notified via email.

Potential Drawbacks For SEO:

  • Steep learning curve: Like many PM platforms, it can be challenging to get the hang of Monday.com. Bigger tasks with more communication can begin to get a bit unwieldy.
  • Slow dashboard loading: It can take some time for your Monday.com dashboard to load, particularly on larger projects where a lot of data has to be transferred from its servers to your computer.
  • Client licenses not included: If you want to invite clients to participate in your workspace, you will need to buy a license for them.

3. GanttPro

For more than a century, PM professionals have been using Gantt Charts to track their project schedules.

GanttPro is a web-based PM solution based around these visual trackers.

Why It’s Good For SEO:

  • Readily understandable: You don’t have to have a project management certificate to track tasks with GanttPro. It gives you status information in an easy-to-understand visual format.
  • Undo functionality: A simple mistake doesn’t have to derail your project because this tool saves your history and lets you undo actions with CTRL + Z.
  • Customizable fields: You can create custom fields for every task.

Potential Drawbacks For SEO:

  • Not as many integrations: Unlike other PM platforms, GanttPro is light on integrations with other apps.
  • No billing or invoicing tools: You will need an outside program to generate invoices for your SEO services.
  • Manual date input: Changing dates for benchmarks and project completion must be input manually, which some users find tedious.

4. Trello

One of the most popular platforms for project management, Trello uses boards, lists, and cards to help keep you organized.

With a free basic plan, it is useful for SEO teams of all sizes.

Why It’s Good For SEO:

  • Free basic plan: Your entire team can try Trello for free. If you like it, there are premium plans available that add integrations, automation, and other functionality.
  • Intuitive Kanban boards: Trello’s drag-and-drop card system makes it easy to track the status of any project.
  • Useful for campaigns of all sizes: Trello works just as well for huge, complex campaigns as it does for simple projects.

Potential Drawbacks For SEO:

  • Kanban-reliant: If you don’t like to use Kanban boards, this is not the PM tool for you, as most of its functionality is built around them.
  • Upload sizes limited: Trello restricts free users to 10 MB of online storage and paid users to 250 MB. For most SEO teams this probably won’t be a problem, but you may differ.
  • Timeline relationships are not always clear: Trello does not allow users to manipulate relationships for a better understanding of how they work together.

5. Teamwork

Another Kanban-based PM tool, Teamwork offers a drag-and-drop interface with more advanced reporting features.

Teamwork lets you create custom branding accounts, which is useful if you’re working on more than one client.

Why It’s Good For SEO:

  • Unlimited users: You can add any number of users to a single task.
  • Clear vision of scope: Teamwork’s board view makes it easy to understand what is going on with each project.
  • Repeating tasks: Teamwork lets you simply copy any task, which is especially useful for SEO professionals.

Potential Drawbacks For SEO:

  • Can be overwhelming: The upside is Teamwork has a lot of features. The downside is all those features can get confusing, especially when you’re a new user.
  • No in-platform chat functionality: You’ll need to use an outside app to “chat” with your team and/or stakeholders.

6. Zoho Projects

A cloud-based platform, Zoho Projects provides the functionality you need to manage several SEO projects at once.

You can choose from a limited free version with basic features and four premium plans with different features and user caps.

Why It’s Good For SEO:

  • Communication tools: Zoho Project has real-time chat and forum pages, so you can quickly and easily share information with your team.
  • Timekeeping: If you bill your SEO clients by the hour, this platform is a good choice because it has excellent time tracking functionality.
  • At-a-glance-info: Zoho makes it easy to spot delays, lags, and bottlenecks.

Potential Drawbacks For SEO:

  • Features can be overwhelming: Because it offers so much functionality, some users may be intimidated by this PM platform. It also has a steeper learning curve.
  • Inflexible: It can be difficult to customize projects to your needs with this platform.

7. Wrike

Wrike can help you simplify planning while keeping your SEO projects on track.

Customizable workflows and ample communication options help you reduce emails, meetings and status updates.

Why It’s Good For SEO:

  • Task prioritization: With Wrike, you can push critical tasks to the front to make sure you don’t miss deadlines.
  • Natural workflow: Wrike is structured in a way most people will find logical and easy to use.
  • Advanced features: Functionality for task management, Gantt charts and real-time newsfeed is built-in.

Potential Drawbacks For SEO:

  • Pricier than some options: There is a free version available with limited functionality, but premium plans with more functions are more expensive than other PM tools.
  • Difficult onboarding new users: Adding new users and assigning tasks to them must be done manually, which can be time-consuming.
  • Can be difficult to navigate: Users who are unfamiliar with Wrike may have difficulty navigating projects.

8. Smartsheet

With project and work management tools, Smartsheet is an online work execution platform that allows you to automate tasks and generate real-time visuals, including Gantt charts and dashboards.

Why It’s Good For SEO:

  • Robust communication and collaboration: Smartsheet makes it easy to create and implement communication plans.
  • Adding tasks and dependencies: Smartsheet has an intuitive design that allows you to add tasks and dependencies with ease.
  • Custom dashboards: Set up your dash to display the information you want.

Potential Drawbacks For SEO:

  • Doesn’t support detailed documents: Users are only allowed to upload 10 documents per ticket, which can be troublesome for highly specific campaigns.
  • May be too simple for larger teams: If you’re overseeing a big team with many stakeholders, you may find this platform doesn’t include all the functionality you want.

9. Celoxis

Designed to be an all-in-one PM platform for enterprise-level organizations, Celoxis has nearly all the functionality an SEO professional could ever want.

It has high-level visibility and numerous reports, to help your campaigns stay on track and on budget.

Why It’s Good For SEO:

  • Easy to use: Celoxis gives you the tools to dive deep into a project, without sacrificing usability. It’s also easy to set up.
  • Includes time tracking, resource management, and budgeting: It also has ample reporting features to keep you on track.
  • Good value: Celoxis offers the functionality of a top-tier PM platform at the price point of a mid-tier one.

Potential Drawbacks For SEO:

  • No billing or invoicing functionality: You will have to use an outside program to bill your clients.
  • No free version: If you’re looking for a free-to-use PM platform for your SEO team, this isn’t it.

10. ProofHub

ProofHub doesn’t have as many features as some other PM platforms, but it’s still a good fit for SEO.

It provides a centralized hub for task lists, workflows, calendars, and documents.

Why It’s Good For SEO:

  • All the tools you need: ProofHub gives you everything you need for SEO planning, team collaboration, and management.
  • Unlimited users: You can add as many people to the platform as you need.
  • Communication: All discussions can be centralized in one place thanks to built-in chat and document sharing features.

Potential Drawbacks For SEO:

  • Recurring tasks must be entered manually: ProofHub does not provide you with the option to repeat tasks.
  • No budgeting: You will need to use a third-party platform to oversee budgeting for your SEO tasks.

11. ClickUp

ClickUp is a cloud-based platform that combines centralized company information and business tools in one place.

It allows you to create and manage to-do lists, workflows, and schedules in a variety of formats.

Why It’s Good For SEO:

  • Easy to use: ClickUp has a short learning curve, meaning you and your team can start benefiting from it faster.
  • Multiple views: Track your campaigns via a list, board, calendar, and workload view, among others.
  • Perfect balance of functions and ease of use: ClickUp falls in the Goldilocks zone by including the features you want without the complexity.

Potential Drawbacks For SEO:

  • Navigation can be confusing: The differences between tabs is subtle.
  • Implementation can require significant planning: Because it’s highly customizable, you may have to systematically plan workflows to maximize ClickUp’s benefits.

12. Forecast

With Forecast, you can put all your SEO projects, resources, and budgeting in one convenient tool.

An AI-native platform can significantly reduce your administrative workload.

Why It’s Good For SEO:

  • Easily track the lifecycle of projects: You can assign and allocate tasks and budget for your entire SEO PM operation through this platform.
  • Schedule visualization: You can get information on a team member’s workload at a glance.
  • Gathering data is easy: Want to compare a current campaign to an old one? Forecast makes it easy to pull data.

Potential Drawbacks For SEO:

  • Updating time and task entries can be tedious: Manual entry can be a time-consuming process.
  • Not ideal for larger teams: Visualization elements can be overwhelming if you have a lot of people working under you.

13. Adobe Workfront

Adobe’s solution for project management needs, Workfront is configurable to your needs and includes extensive integrations, so you can easily track the latest developments in your SEO projects.

Why It’s Good For SEO:

  • Well-designed user interface: Workfront is easy to use and visually appealing.
  • Real-time information: It keeps you abreast of any status changes.
  • Good transparency: This platform helps eliminate confusion about who is supposed to do what, as stakeholders and project scope are easily visible.

Potential Drawbacks For SEO:

  • Lengthy setup process: A high level of customization means Workfront requires a more in-depth initial setup.
  • May offer too much detail: With Workfront, you can get as granular into tasks as you like, which may lead to some people becoming lost in the details.
  • Finding tasks can be difficult: If you don’t know what project a task is assigned to, it can be difficult to locate.

14. WorkOtter

With WorkOtter, you can plan resources for your SEO campaigns at a project, rather than task level.

One of the easiest PM platforms to use, it’s an excellent choice for SEO work.

Why It’s Good For SEO:

  • Very easy to use: You don’t have to be a tech wiz to use WorkOtter for SEO project management.
  • Good communication and reporting tools: Real-time information keeps your entire team on the same page.
  • Good for resource management: This platform is useful for deciding exactly where your SEO resources will be allocated.

Potential Drawbacks For SEO:

  • Cloud-only: There is no local version available, which can be problematic if you are trying to work offline.
  • English-only support: This may present challenges for non-native English speakers.

15. PSOHub

This versatile PM platform is as useful for SEO teams as it is for architect firms or financial companies.

It has predictive project management to allow you to more accurately project how your SEO campaigns will run.

Why It’s Good For SEO:

  • Excellent time tracking functionality: PSOHub is one of the best platforms for tracking where your team’s time is going, on both group and individual levels.
  • CRM Integrations: This platform integrates with Hubspot and other CRMs, so you can track your SEO campaigns alongside email initiatives.
  • Flexible reporting: PSOHub lets you choose the data you want to include in reports.

Potential Drawbacks For SEO:

  • Time-consuming setup process: It can take some time to manually enter all your campaigns and tasks into this platform.
  • All users must have the same license level: You cannot have some users on a basic level and others on a more complex one.

How To Pick The Right PM Tool For Your SEO Needs

We’ve given you 15 different project management options that can work for your needs as an SEO professional. But how do you pick the right one for you?

It all comes down to your specific needs. Any of these platforms will help you streamline your operations, manage campaigns more effectively, and eliminate wasted time. But each of them has slightly different functionality.

It’s up to you to decide what will work best for your needs. But hopefully, by this point, we’ve given you enough information to get started.


Featured Image: Paulo Bobita/Search Engine Journal

Sat, 16 Jul 2022 05:36:00 -0500 en text/html https://www.searchenginejournal.com/seo-tools/project-management/
Killexams : The Top 5 Companies for the Best Project Management Software No result found, try new keyword!There are multiple search ... All your information is in your dashboard, and all aspects of your business are supported. However, Wrike can be overwhelming for project management newbies ... Mon, 11 Jul 2022 04:26:00 -0500 text/html https://www.sacbee.com/software-business/article263351043.html Killexams : Google Has a Genius Method for Discovering Top Talent -- No Degree or Experience Required

Google is one of the world's most attractive employers, according to a study by Universum, landing it some of the world's most talented staff. But it's not just the search giant's name and reputation that is luring candidates. It's the company's role requirements, or lack thereof. 

No longer do candidates require shiny resumes and cover letters complete with Ivy League accolades and years of direct experience. In fact, Google is finding top talent without any degrees or experience at all. 

Google's approach is similar to Elon Musk's "two-hands test" to find top talent without a degree, but takes it a step further by eliminating the need for experience. With programs such as the Google Project Management Certificate, an online and self-paced professional certificate course that's available for free through Coursera, Google is abolishing the traditional approach to staffing. 

Upon the completion of its certification course, Google gives interested students a shot at one of its project management roles. Rather than analyzing candidates by their education or experience, the company measures aptitude by the quality of their coursework.  

In return, what Google is finding is not just the world's best project managers, but the project managers that have the exact skill sets it's looking for to help take its teams to the next level. 

It democratizes the employment landscape, and it's doing so by employing three key components to finding truly top talent. Nearly any business can adopt the core framework behind the trillion-dollar company's genius strategy to build better teams. 

Discover Innovators By Casting a Wider Net 

Google's free project management certification course is effectively helping to make its project manager positions open to anyone. By eliminating the standard restrictions such as higher education and direct experience, it casts a much wider net on the potential candidate pool. 

The reality is that there are a lot of professions that don't require a degree to perform. Overlooking candidates without a degree in a certain field, or without a degree at all, can be detrimental to finding the best fit for a particular role within your organization. 

Same goes, in many cases, with direct experience. There are instances where it is to an employer's benefit that a candidate lacks prior experience in the field. This is especially true within innovative teams or organizations that don't want things done the way they've always been done. Or when businesses are trying to stand out from their competition by doing things differently. Zero experience yields a tremendous amount of fresh perspective. In fact, according to Fast Company, one company found that employees who had no experience outperformed those who had 10 to 15 years of sales experience. 

Prioritize the Assessment of Aptitude 

Of course, obtaining a higher volume of applicants isn't the goal, but finding the best candidate for a role. And so it wouldn't aid in Google's efforts to have more applicants to sort through if it didn't have a way to field candidates and gauge fit. The reason why its free online training course is genius is because it serves as a portfolio for applicants. 

What this means for Google is a tremendous amount of insight into every applicant from a collection of completed assignments. The result is that every applicant is able to provide a portfolio showcasing their work, thought processes, leadership styles, and communication skills. More importantly, the course effectively mimics the role, indicating a candidate's aptitude for a position. 

On a small scale, this is where businesses of just about any size can use screening questions to field incoming candidates and test projects to assess final candidates. Similar to Google's project management course, something as simple as screening questions give you additional insights about candidates during the application process, while also providing information about them that you can use to compare apples to apples. 

Invest in Employee Training 

A formal education doesn't necessarily mean someone is ready to hit the ground running, and neither does prior experience. Every business operates differently, so no matter what sort of role you're hiring for, employers need to invest in employee training. Which, given candidates with the right aptitude, eliminates the need for candidates to have specific education and experience requirements. 

Granted, the average business is not in the position to create a free online certification course like Google. However, there are ways to optimize the hiring process to prioritize aptitude over education or experience. A quick way to do that is to place more emphasis on training new employees the way you want them to function, as opposed to taking on new employees and having them work how their former employer trained them to. 

After all, if you want to stand out in your market and apart from your competition, you're going to have to do things differently. And for many, that means acquiring talent with a high degree of aptitude and a fresh perspective. Limiting your talent pool to a seasoned staff with a formal education and years of experience in the field is a quick way to limit your team's ability to innovate, and limit your business's ability to differentiate itself in a crowded market. 

The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.

Tue, 26 Jul 2022 09:32:00 -0500 en text/html https://www.inc.com/kelly-main/hiring-google-experience-aptitude.html
Killexams : 7 apps for a more productive ‘work from home’ experience

With most of our time being spent working from a home setting, many apps have sprung up to make our professional life a bit easier. Adarsh reviews seven of the best of these.


Let us face it! We have been working from home for over 2 years now and we have all produced our own unique methods to get work done while also tending to chores at home.

But while we have been honing remote working techniques, a bunch of apps have cropped up that are meant to make life a whole lot easier… and more fun!

So here are 7 apps other than Google Hangouts, Microsoft Teams, Slack, Trello and Zoom to make you more productive when you are working from home:

Basecamp: For project management

For those who work with a huge team, this is one of the best project management tools out there! Instead of getting lost in email chains and WhatsApp threads, this tool helps with communication and workflow through a message board where you can post updates and gather feedback. You get a full overview of the project, all the way back to day 1.

The To-Do section is quite helpful and mentions the required actions and assigned users while also highlighting important dates in the project flow. Docs & Files stores all the assets that are part of the project while Automatic Check-in lets users update their task logs and achievements so that the entire team is aware of each other’s progress and highlights.

Freedom: To block distractions

One of the biggest problems of working remotely is all the distractions that surround you! Just when you are getting into your flow state, you get a ping on WhatsApp or Instagram and your productivity goes for a toss! The Freedom app lets you block all these evil apps and websites during work hours to let you pay attention to the tasks at hand. It allows you to pause or limit website usage and gives you an insight on your online behaviour.

The app can also be synchronized with other devices so there is no risk of you leaving your laptop to start scrolling aimlessly on your phone.

Krisp: To mute background noises

If you happen to work with noisy kids in the house or construction work happening in the adjacent building, this is a godsent! Install this app and the AI-based noise cancellation will get rid of all the background noises and echoes. So instead of repeating your sentences, you can make faster progress during meetings.

The HD voice feature also improves the voice quality during calls. The free version of the app gives you 240 minutes (about 4 hours) weekly so if you do not make a lot of calls, you can even avail this for nothing.

Evernote: Your online notepad

Whether it is saving the minutes of a meeting, jotting down ideas circling in your head or saving the contents of a website, Evernote is the best place to save all the information. The app automatically synchronizes all your devices so you can write down ideas on your phone and then access them later your laptop or tablet, as per your convenience.

The business subscription of the app even lets you access notes offline and search for texts inside a PDF.

Simplish: Your online to-do list

There are plenty of to-do list apps out there but this is one of the best ones! It lets you organise your tasks, capture notes, schedule tasks and events and even collaborate with colleagues on shared tasks.

You can have separate workspaces for each of your tasks and projects and you can share the joint tasks with your co-workers. Apart from sharing to-do lists, the app also lets you chat with others. The Daily Planner features gives you a shortlist of all your tasks for the day, letting you plan your work schedule better.

Dashlane: Your online password manager

Working from home comes with its own set of safety and security concerns! With so many passwords for all the different logins, it is becoming increasingly impossible to keep track of all of them.

Dashlane employs multi-factor authentication to protect all your valuable information like contact details, addresses and payment details. The premium version of the software also comes with priority support.

Zapier: To automate manual tasks

While working from home, a lot of us end up doing the same mundane, manual tasks repeatedly, every single day. Well, Zapier is going to help you put an end to that. It helps you automate repetitive tasks and streamline your work and you do not even need to know coding to do that!

It can be integrated seamlessly with all your most-used apps like Gmail, Slack, Outlook, etc. Pre-designed workflow templates called Zaps help with tasks like automatically sharing content on social media, sending private messages, or saving files and media to the cloud. You can also create your own Zaps to automate triggers and actions.

Bonus: Here are 7 more bonus apps to help you make the most of remote working!

Have any other interesting app suggestions? Share with us and other readers in the comments section.

In case you missed:

Thu, 04 Aug 2022 19:12:00 -0500 en-US text/html https://www.sify.com/digital-transformation/7-apps-for-a-more-productive-work-from-home-experience/
Killexams : UAB Project Management Certificate Courses

As a Project Management Institute Authorized Training Partner, our instructor-led training is delivered with PMI-developed content to ensure it’s up to PMI’s highest quality and standards and you are learning from a PMI-vetted instructor.

Recognizing the need for those managing projects to be trained and certified in the Project Management Institute Body of Knowledge (PMBOK®), the UAB Collat School of Business and the Project Management Institute (PMI) have teamed together to offer innovative, engaging, short-term Project Management Certificate Courses with live, online instruction.

Project Management Institute Authorized Training PartnerIn today’s competitive world the effective execution of value-adding business processes and related projects is imperative. The UAB Project Management Certificate Courses' approach provides the content and rigor of graduate level academic coursework and practicality provided by practicing project managers; yet, as a professional course, there is no application fee or admission process

These popular open-enrollment courses are offered several times a year through the UAB Collat School of Business Professional Education Office. Join us and learn from PMI-trained, seasoned instructors; enjoy networking with a cohort of like-minded professionals; and prepare to earn industry certifications like the CAPM and PMP!

Discounts

Discounts are available for UAB employees and students, veterans, and companies with 3 or more students in the same class. See course offerings below for specifics.

Academic Credit

Individuals with a PMI certification will be able to waive a graduate level elective (3 credit hours) in UAB's MBA program.

Tue, 10 May 2022 09:38:00 -0500 en-US text/html https://www.uab.edu/business/home/businesscertificates/project-management
Killexams : Services PMI heads up in July, reports ISM By ·

Services economy activity saw growth in July, according to the most latest edition of the of the Services ISM Report on Business, which was issued today by the Institute for Supply Management (ISM).

The Services PMI came in at 56.5 (a memorizing of 50 or higher signals growth), up 1.4% compared to June, following a slight 0.6% decrease from May to June. The Services PMI showed growth, at a faster rate, for the 26th consecutive month, with services sector growth now remaining intact for 148 of the last 150 months through June, said ISM.

The June Services PMI is 3.5% below the 12-month average of 60.2, with November 2021’s 68.4 and June’s 55.3 marking the high and low readings over that period, respectively. What’s more, the June memorizing represents the lowest one since February 2021, which came in at 55.9.

ISM reported that 13 of the services sectors it tracks saw annual gains in July, including: Mining; Real Estate, Rental & Leasing; Public Administration; Management of Companies & Support Services; Construction; Educational Services; Other Services; Utilities; Professional, Scientific & Technical Services; Health Care & Social Assistance; Transportation & Warehousing; Wholesale Trade; and Information. The three industries with July declines were: Agriculture, Forestry, Fishing & Hunting; Retail Trade; and Finance & Insurance.

The report’s equally weighted subindexes that directly factor into the NMI were mixed in July, including:

  • Business activity/production, at 59.9, rose 3.8%, growing, at a faster rate, for the 26th consecutive month, with 13 services sectors reporting growth;
  • New orders, at 59.9, rose 4.3%, growing, at a faster rate, for the 26th consecutive month, with 11 services sectors reporting growth, following two months of contraction, which were preceded by 128 months of growth;
  • Employment, at 49.1, increased 1.7%, contracting, at a slower rate, for the second straight month, which was preceded by seven straight months of growth; and
  • Supplier deliveries, at 57.8 (a memorizing above 50 percent indicates slower deliveries), down 4.1 compared to June May and slowing, at a faster rate, for the 38th consecutive month

Comments from ISM member respondents included in the report highlighted various issues being seen in the services sector, including: slowing economic activity and inflation, among others.

A Management of Companies & Support Services respondent said she can feel the economy weakening, with clients making appropriate moves in anticipation of a recession. And a Utilities respondent observed that business is holding steady, adding that some headwinds are definitely ahead on the economic front, while supply chain issues appear to be easing, but are still not great.

Tony Nieves, Chair of the ISM’s Services Business Survey Committee, noted in the report that the slight increase in services sector growth was due to an increase in business activity and new orders.

In a previous interview, Nieves said that declines in the Services PMI, from March through June, serve as a barometer of how much pent-up demand there was from consumers, for services economy activities, out of 2021 and the first half of 2022.

“Things were continually opening up over that period,” he said. “The thing we are experiencing right now is that we are getting a little bit of a decline in consumer confidence, with inflation, issues we are having with materials shortages, some pullback in real estate and rental prices coming down a little bit. Hopefully, fuel prices will come down more, too. But because of the inflation eating into consumer spending…people are spending money on other things. It is not necessarily tangible goods like it was in the past, but more so they are dining out still and spending money on experiences. It is not all gloom and doom.”




Wed, 03 Aug 2022 06:20:00 -0500 text/html https://www.logisticsmgmt.com/article/services_pmi_heads_up_in_july_reports_ism
Killexams : 7 Best VA Loan Lenders of August 2022 No result found, try new keyword!See our VA loan guide to learn more about the type of loans available and the Veterans Affairs (VA)’s service requirements. We also break down the best VA loan lenders of 2022. Whether you’re looking ... Thu, 04 Aug 2022 09:04:00 -0500 text/html https://www.nasdaq.com/articles/7-best-va-loan-lenders-of-august-2022 Killexams : Services PMI sees July gains, reports ISM By ·

Services economy activity saw growth in July, according to the most latest edition of the of the Services ISM Report on Business, which was issued today by the Institute for Supply Management (ISM).

The Services PMI came in at 56.5 (a memorizing of 50 or higher signals growth), up 1.4% compared to June, following a slight 0.6% decrease from May to June. The Services PMI showed growth, at a faster rate, for the 26th consecutive month, with services sector growth now remaining intact for 148 of the last 150 months through June, said ISM.

The June Services PMI is 3.5% below the 12-month average of 60.2, with November 2021’s 68.4 and June’s 55.3 marking the high and low readings over that period, respectively. What’s more, the June memorizing represents the lowest one since February 2021, which came in at 55.9.

ISM reported that 13 of the services sectors it tracks saw annual gains in July, including: Mining; Real Estate, Rental & Leasing; Public Administration; Management of Companies & Support Services; Construction; Educational Services; Other Services; Utilities; Professional, Scientific & Technical Services; Health Care & Social Assistance; Transportation & Warehousing; Wholesale Trade; and Information. The three industries with July declines were: Agriculture, Forestry, Fishing & Hunting; Retail Trade; and Finance & Insurance.

The report’s equally weighted subindexes that directly factor into the NMI were mixed in July, including:

-Business activity/production, at 59.9, rose 3.8%, growing, at a faster rate, for the 26th consecutive month, with 13 services sectors reporting growth;
-New orders, at 59.9, rose 4.3%, growing, at a faster rate, for the 26th consecutive month, with 11 services sectors reporting growth, following two months of contraction, which were preceded by 128 months of growth;
-Employment, at 49.1, increased 1.7%, contracting, at a slower rate, for the second straight month, which was preceded by seven straight months of growth; and
-Supplier deliveries, at 57.8 (a memorizing above 50 percent indicates slower deliveries), down 4.1 compared to June May and slowing, at a faster rate, for the 38th consecutive month

Comments from ISM member respondents included in the report highlighted various issues being seen in the services sector, including: slowing economic activity and inflation, among others.

A Management of Companies & Support Services respondent said she can feel the economy weakening, with clients making appropriate moves in anticipation of a recession. And a Utilities respondent observed that business is holding steady, adding that some headwinds are definitely ahead on the economic front, while supply chain issues appear to be easing, but are still not great.

Tony Nieves, Chair of the ISM’s Services Business Survey Committee, noted in the report that the slight increase in services sector growth was due to an increase in business activity and new orders.

In a previous interview, Nieves said that declines in the Services PMI, from March through June, serve as a barometer of how much pent-up demand there was from consumers, for services economy activities, out of 2021 and the first half of 2022.

“Things were continually opening up over that period,” he said. “The thing we are experiencing right now is that we are getting a little bit of a decline in consumer confidence, with inflation, issues we are having with materials shortages, some pullback in real estate and rental prices coming down a little bit. Hopefully, fuel prices will come down more, too. But because of the inflation eating into consumer spending…people are spending money on other things. It is not necessarily tangible goods like it was in the past, but more so they are dining out still and spending money on experiences. It is not all gloom and doom.”




Article Topics

All Topics
Wed, 03 Aug 2022 11:37:00 -0500 text/html https://www.logisticsmgmt.com/article/services_pmi_sees_july_gains_reports_ism
Killexams : Services PMI® at 56.7%; July 2022 Services ISM® Report On Business®

Business Activity Index at 59.9%; New Orders Index at 59.9%; Employment Index at 49.1%; provider Deliveries Index at 57.8%

TEMPE, Ariz., Aug. 3, 2022 /PRNewswire/ -- Economic activity in the services sector grew in July for the 26th month in a row — with the Services PMI® registering 56.7 percent — say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®.

The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: "In July, the Services PMI® registered 56.7 percent, 1.4 percentage points higher than June's memorizing of 55.3 percent. The Business Activity Index registered 59.9 percent, an increase of 3.8 percentage points compared to the memorizing of 56.1 percent in June. The New Orders Index figure of 59.9 percent is 4.3 percentage points higher than the June memorizing of 55.6 percent.

"The provider Deliveries Index registered 57.8 percent, 4.1 percentage points lower than the 61.9 percent reported in June. (Supplier Deliveries is the only ISM® Report On Business® index that is inversed; a memorizing of above 50 percent indicates slower deliveries, which is typical as the economy improves and customer demand increases.)

"The Prices Index decreased for the third consecutive month in July, down 7.8 percentage points to 72.3 percent. Services businesses continue to struggle to replenish inventories, as the Inventories Index contracted for the second consecutive month; the memorizing of 45 percent is down 2.5 percentage points from June's figure of 47.5 percent. The Inventory Sentiment Index (50.1 percent, up 3.9 percentage points from June's memorizing of 46.2 percent) moved into expansion territory in July after four consecutive months of contraction."

Nieves continues, "According to the Services PMI®, 13 industries reported growth. The composite index indicated growth for the 26th consecutive month after a two-month contraction in April and May 2020. Growth continues — at a faster rate — for the services sector, which has expanded for all but two of the last 150 months. The slight increase in services sector growth was due to an increase in business activity and new orders. The Employment Index (49.1 percent) contracted for the second consecutive month, and the Backlog of Orders Index decreased 2.2 percentage points, to 58.3 percent. Availability issues with overland trucking, a restricted labor pool, various material shortages and inflation continue to be impediments for the services sector."

INDUSTRY PERFORMANCE
The 13 services industries reporting growth in July — listed in order — are: Mining; Real Estate, Rental & Leasing; Public Administration; Management of Companies & Support Services; Construction; Educational Services; Other Services; Utilities; Professional, Scientific & Technical Services; Health Care & Social Assistance; Transportation & Warehousing; Wholesale Trade; and Information. The three industries reporting a decrease in the month of July are: Agriculture, Forestry, Fishing & Hunting; Retail Trade; and Finance & Insurance.

WHAT RESPONDENTS ARE SAYING

  • "Restaurant sales have softened the past few weeks (due to) post-holiday and seasonality factors, but we're also hearing because of consumer pressures, particularly fuel and food prices. Staffing remains a challenge in some markets. Many of our locations in (Los Angeles County) received news that there could be a return to (indoor) mask mandates." [Accommodation & Food Services]

  • "Interest rates have significantly impacted the homebuilding market. Cancellation rates have increased, as homebuyers can no longer afford the monthly payment. Traffic to our communities is down. Inflation has sidelined many would-be buyers." [Construction]

  • "Strengthening market overall and signs of improvement. Increased prices putting a strain on fixed budgets. There has been a shift from driving down costs to securing continuity of supply. Higher education is growing, with an increase in applicants." [Educational Services]

  • "Business continues to remain below pre-pandemic levels. (Patient) census and visits have increased but seem to have plateaued in the last six-month period." [Health Care & Social Assistance]

  • "Can feel the economy weakening. Clients are making appropriate moves in anticipation of a recession." [Management of Companies & Support Services]

  • "Hiring demand remains robust in most industry sectors. Tech has had a slowdown in hiring and layoffs. It's still a candidate's market, as the number of job openings across all skill levels and positions remains far greater than the number of candidates for those roles." [Professional, Scientific & Technical Services]

  • "Rising costs across the board seems to be the big focus now. Fuel and food are the most common focus but it is across the board, and there is pressure of a job market shortage for qualified workers to increase wages and other benefits." [Public Administration]

  • "(We are) in inventory reduction mode, attempting to match inventory levels to current lower sales trends." [Retail Trade]

  • "Holding steady, but some headwinds are definitely ahead on the economic front. However, supply chain issues appear to be easing, though still not great." [Utilities]

  • "Food service remains strong. Retail is softening as mass is overly concerned about inventory and consumer spending." [Wholesale Trade]

ISM® SERVICES SURVEY RESULTS AT A GLANCE

COMPARISON OF ISM® SERVICES AND ISM® MANUFACTURING SURVEYS

JULY 2022

Index

 Services PMI®

Manufacturing PMI®

Series
Index

Jul

Series
Index

Jun

Percent
Point
Change

 

 

Direction

 

Rate of
Change

 

Trend*

(Months)

Series
Index

Jul

Series
Index

Jun

Percent
Point
Change

Services PMI®

56.7

55.3

+1.4

Growing

Faster

26

52.8

53.0

-0.2

Business Activity/

Production

59.9

56.1

+3.8

Growing

Faster

26

53.5

54.9

-1.4

New Orders

59.9

55.6

+4.3

Growing

Faster

26

48.0

49.2

-1.2

Employment

49.1

47.4

+1.7

Contracting

Slower

2

49.9

47.3

+2.6

Supplier Deliveries

57.8

61.9

-4.1

Slowing

Slower

38

55.2

57.3

-2.1

Inventories

45.0

47.5

-2.5

Contracting

Faster

2

57.3

56.0

+1.3

Prices

72.3

80.1

-7.8

Increasing

Slower

62

60.0

78.5

-18.5

Backlog of Orders

58.3

60.5

-2.2

Growing

Slower

19

51.3

53.2

-1.9

New Export Orders

59.5

57.5

+2.0

Growing

Faster

6

52.6

50.7

+1.9

Imports

48.0

46.3

+1.7

Contracting

Slower

2

54.4

50.7

+3.7

Inventory Sentiment

50.1

46.2

+3.9

Too High

From

Too Low

1

N/A

N/A

N/A

Customers' Inventories

N/A

N/A

N/A

N/A

N/A

N/A

39.5

35.2

+4.3

OVERALL ECONOMY

Growing

Faster

26

Services Sector

Growing

Faster

26

Services ISM® Report On Business® data is seasonally adjusted for the Business Activity, New Orders, Employment and Prices indexes. Manufacturing ISM® Report On Business® data is seasonally adjusted for New Orders, Production, Employment and Inventories indexes.
*Number of months moving in current direction.

COMMODITIES REPORTED UP/DOWN IN PRICE, AND IN SHORT SUPPLY

Commodities Up in Price
Aluminum Products* (8); Chemicals (4); Coated Freesheet; Computer Accessories; Diesel Fuel (20); Eggs; Electrical Components (18); Fuel* (19); Freight Rates; Gasoline (20); Hotel Rates (3); Heating, Ventilation and Air Conditioning (HVAC) Equipment; Labor (20); Labor — Contingent; Medical Supplies; Steel Products (19); Transformers (2); Transportation Costs; Travel (3); and Utilities.

Commodities Down in Price
Aluminum Products*; Copper Wires; Fuel*; Lumber (2); Polyvinyl Chloride (PVC) Conduit; and Steel.

Commodities in Short Supply
Appliances (5); Coated Freesheet; Computer Hardware; Electrical Components (4); Food and Beverages; Labor (12); Masks; Microchips (3); Needles and Syringes (7); Paper Products (5); Resin Based Products; Transformers (3); and Vehicles.

Note: The number of consecutive months the commodity is listed is indicated after each item. *Indicates both up and down in price.

JULY 2022 SERVICES INDEX SUMMARIES

Services PMI®
In July, the Services PMI® registered 56.7 percent, a 1.4-percentage point increase compared to the June memorizing of 55.3 percent. The 12-month average is 60.2 percent, reflecting consistently strong growth in the services sector, which has expanded for 26 consecutive months. A memorizing above 50 percent indicates the services sector economy is generally expanding; below 50 percent indicates the services sector is generally contracting.

A Services PMI® above 50.1 percent, over time, generally indicates an expansion of the overall economy. Therefore, the July Services PMI® indicates the overall economy has followed the same path as the services sector: expansion for 26 straight months following two months of contraction and a preceding period of 122 months of growth. Nieves says, "The past relationship between the Services PMI® and the overall economy indicates that the Services PMI® for July (56.7 percent) corresponds to a 2.4-percent increase in real gross domestic product (GDP) on an annualized basis."

SERVICES PMI® HISTORY

Month

Services PMI®

Month

Services PMI®

Jul 2022

56.7

Jan 2022

59.9

Jun 2022

55.3

Dec 2021

62.3

May 2022

55.9

Nov 2021

68.4

Apr 2022

57.1

Oct 2021

66.7

Mar 2022

58.3

Sep 2021

62.6

Feb 2022

56.5

Aug 2021

62.2

Average for 12 months – 60.2

High – 68.4

Low – 55.3

Business Activity
ISM®'s Business Activity Index registered 59.9 percent in July, an increase of 3.8 percentage points from the memorizing of 56.1 percent in June, indicating growth for the 26th consecutive month. Comments from respondents include: "With a new fiscal year starting on July 1, an uptick in demand of goods and services" and "Seeing more critical material come in, which allowed us to work on more projects."

The 13 industries reporting an increase in business activity for the month of July — listed in order — are: Mining; Real Estate, Rental & Leasing; Educational Services; Public Administration; Management of Companies & Support Services; Utilities; Construction; Other Services; Professional, Scientific & Technical Services; Health Care & Social Assistance; Wholesale Trade; Transportation & Warehousing; and Information. The four industries reporting a decrease in business activity for the month of July are: Agriculture, Forestry, Fishing & Hunting; Accommodation & Food Services; Retail Trade; and Finance & Insurance.

Business Activity

%Higher

%Same

%Lower

Index

Jul 2022

32.9

55.7

11.4

59.9

Jun 2022

27.0

60.5

12.5

56.1

May 2022

27.1

59.6

13.3

54.5

Apr 2022

37.8

55.7

6.5

59.1

New Orders
ISM®'s New Orders Index registered 59.9 percent, up 4.3 percentage points from the June memorizing of 55.6 percent. New orders grew for the 26th consecutive month after two months of contraction and a preceding period of 128 months of expansion. Comments from respondents include: "Requests for new business" and "Moderate volume increases over the previous month."

Eleven industries reported growth of new orders in July, in the following order: Real Estate, Rental & Leasing; Mining; Educational Services; Public Administration; Transportation & Warehousing; Other Services; Utilities; Management of Companies & Support Services; Construction; Professional, Scientific & Technical Services; and Health Care & Social Assistance. The five industries reporting a decrease in new orders in July are: Agriculture, Forestry, Fishing & Hunting; Accommodation & Food Services; Retail Trade; Information; and Wholesale Trade.

New Orders

%Higher

%Same

%Lower

Index

Jul 2022

32.8

54.4

12.8

59.9

Jun 2022

28.3

57.7

14.0

55.6

May 2022

31.2

54.7

14.1

57.6

Apr 2022

32.9

55.6

11.5

54.6

Employment
Employment activity in the services sector contracted in July for the fourth time in the last six months. ISM®'s Employment Index registered 49.1 percent, up 1.7 percentage points from the June memorizing of 47.4 percent. Comments from respondents include: "Employee turnover, backfills taking longer to locate and onboard" and "Difficulties hiring new candidates as we lose more people who retire or leave the company for new opportunities."

The eight industries reporting an increase in employment in July — listed in order — are: Mining; Construction; Accommodation & Food Services; Other Services; Management of Companies & Support Services; Public Administration; Professional, Scientific & Technical Services; and Wholesale Trade. The seven industries reporting a decrease in employment in July — listed in order — are: Agriculture, Forestry, Fishing & Hunting; Finance & Insurance; Educational Services; Transportation & Warehousing; Real Estate, Rental & Leasing; Utilities; and Health Care & Social Assistance.

Employment

%Higher

%Same

%Lower

Index

Jul 2022

24.2

51.7

24.1

49.1

Jun 2022

20.4

60.1

19.5

47.4

May 2022

26.1

51.2

22.7

50.2

Apr 2022

24.6

52.3

23.1

49.5

Supplier Deliveries
The provider Deliveries Index registered 57.8 percent, down 4.1 percentage points from the 61.9 percent registered in June. A memorizing above 50 percent indicates slower deliveries, while a memorizing below 50 percent indicates faster deliveries. Comments from respondents include: "Lack of drivers for delivery companies due to labor shortages" and "Global supply issues are causing uncertainty on when and how many products will arrive."

The 14 industries reporting slower deliveries in July — listed in order — are: Mining; Agriculture, Forestry, Fishing & Hunting; Finance & Insurance; Accommodation & Food Services; Educational Services; Construction; Utilities; Health Care & Social Assistance; Management of Companies & Support Services; Real Estate, Rental & Leasing; Public Administration; Professional, Scientific & Technical Services; Transportation & Warehousing; and Information. No industry reported faster deliveries in July.

Supplier Deliveries

%Slower

%Same

%Faster

Index

Jul 2022

25.2

65.2

9.6

57.8

Jun 2022

28.8

66.2

5.0

61.9

May 2022

27.4

67.7

4.9

61.3

Apr 2022

34.0

62.2

3.8

65.1

Inventories
The Inventories Index contracted in July for the second consecutive month after four straight months of growth preceded by an eight-month period of contraction. The memorizing of 45 percent was a 2.5-percentage point decrease from the 47.5 percent reported in June. Of the total respondents in July, 41 percent indicated they do not have inventories or do not measure them. Comments from respondents include: "Long lead times have consumed safety stock" and "Inventories are still lower than desired due to supply chain issues."

The seven industries reporting an increase in inventories in July — listed in order — are: Mining; Utilities; Wholesale Trade; Educational Services; Transportation & Warehousing; Public Administration; and Professional, Scientific & Technical Services. The 10 industries reporting a decrease in inventories in July — listed in order — are: Arts, Entertainment & Recreation; Retail Trade; Agriculture, Forestry, Fishing & Hunting; Other Services; Real Estate, Rental & Leasing; Management of Companies & Support Services; Finance & Insurance; Health Care & Social Assistance; Construction; and Information.

Inventories

%Higher

%Same

%Lower

Index

Jul 2022

15.1

59.7

25.2

45.0

Jun 2022

20.2

54.7

25.1

47.5

May 2022

24.7

52.7

22.6

51.0

Apr 2022

22.4

59.7

17.9

52.3

Prices
Prices paid by services organizations for materials and services increased in July for the 62nd consecutive month, with the index registering 72.3 percent, 7.8 percentage points lower than the 80.1 percent recorded in June. This is the first Prices Index memorizing below 80 percent since September 2021 and its steepest month-over-month decrease since an 8.7-percentage point drop in May 2017.

Sixteen services industries reported an increase in prices paid during the month of July, in the following order: Mining; Public Administration; Information; Accommodation & Food Services; Agriculture, Forestry, Fishing & Hunting; Educational Services; Finance & Insurance; Management of Companies & Support Services; Professional, Scientific & Technical Services; Real Estate, Rental & Leasing; Transportation & Warehousing; Construction; Health Care & Social Assistance; Other Services; Utilities; and Wholesale Trade. No industry reported a decrease in prices in July.

Prices

%Higher

%Same

%Lower

Index

Jul 2022

54.0

39.7

6.3

72.3

Jun 2022

66.1

32.2

1.7

80.1

May 2022

72.2

26.8

1.0

82.1

Apr 2022

75.4

24.4

0.2

84.6

NOTE: Commodities reported as up in price and down in price are listed in the commodities section of this report.

Backlog of Orders
The ISM® Services Backlog of Orders Index grew in July for the 19th consecutive month. The index registered 58.3 percent, a 2.2-percentage point decrease compared to the June memorizing of 60.5 percent. Of the total respondents in July, 40 percent indicated they do not measure backlog of orders. Respondent comments include: "Delays caused by long lead times for components" and "Higher backlog than previous month as suppliers try to keep up with orders and slowing deliveries."

The nine industries reporting an increase in order backlogs in July — listed in order — are: Accommodation & Food Services; Real Estate, Rental & Leasing; Other Services; Public Administration; Utilities; Educational Services; Retail Trade; Professional, Scientific & Technical Services; and Health Care & Social Assistance. The five industries reporting a decrease in order backlogs in July are: Arts, Entertainment & Recreation; Agriculture, Forestry, Fishing & Hunting; Finance & Insurance; Construction; and Wholesale Trade.

Backlog of Orders

%Higher

%Same

%Lower

Index

Jul 2022

31.3

53.9

14.8

58.3

Jun 2022

32.0

57.1

10.9

60.5

May 2022

17.4

69.2

13.4

52.0

Apr 2022

26.4

66.1

7.5

59.4

New Export Orders
Orders and requests for services and other non-manufacturing activities to be provided outside of the U.S. by domestically based companies grew in July for the sixth consecutive month. The New Export Orders Index registered 59.5 percent, a 2-percentage point increase from the 57.5 percent reported in June. Of the total respondents in July, 79 percent indicated they do not perform, or do not separately measure, orders for work outside of the U.S.

The six industries reporting an increase in new export orders in July — listed in order — are: Accommodation & Food Services; Mining; Real Estate, Rental & Leasing; Construction; Utilities; and Educational Services. Six industries reported a decrease in new export orders in July, in the following order: Arts, Entertainment & Recreation; Agriculture, Forestry, Fishing & Hunting; Information; Transportation & Warehousing; Wholesale Trade; and Professional, Scientific & Technical Services. Six industries indicated no change in new export orders in July.

New Export Orders

%Higher

%Same

%Lower

Index

Jul 2022

24.3

70.4

5.3

59.5

Jun 2022

19.9

75.3

4.8

57.5

May 2022

27.1

67.6

5.3

60.9

Apr 2022

22.4

71.4

6.2

58.1

Imports
The Imports Index contracted in July for the second consecutive month, registering 48 percent, up 1.7 percentage points from June's memorizing of 46.3 percent. Eighty percent of respondents reported that they do not use, or do not track the use of, imported materials.

The seven industries reporting an increase in imports for the month of July — listed in order — are: Mining; Information; Transportation & Warehousing; Educational Services; Utilities; Wholesale Trade; and Health Care & Social Assistance. The five industries that reported a decrease in imports in July are: Arts, Entertainment & Recreation; Agriculture, Forestry, Fishing & Hunting; Real Estate, Rental & Leasing; Other Services; and Accommodation & Food Services. Six industries reported no change in imports in July.

Imports

%Higher

%Same

%Lower

Index

Jul 2022

8.4

79.0

12.6

48.0

Jun 2022

7.0

78.6

14.4

46.3

May 2022

14.1

77.6

8.3

52.8

Apr 2022

13.6

78.6

7.8

52.9

Inventory Sentiment
The ISM® Services Inventory Sentiment Index grew in July after four previous months of contraction, registering 50.1 percent, a 3.9-percentage point increase from June's figure of 46.2 percent. This memorizing indicates that respondents feel their inventories are slightly high when correlated to business activity levels.

The five industries reporting sentiment that their inventories were too high in July are: Retail Trade; Health Care & Social Assistance; Information; Wholesale Trade; and Utilities. The six industries reporting a feeling that their inventories were too low in July — listed in order — are: Accommodation & Food Services; Management of Companies & Support Services; Educational Services; Real Estate, Rental & Leasing; Professional, Scientific & Technical Services; and Construction. Six industries reported no change in July.

Inventory Sentiment

%Too

High

%About Right

%Too

Low

Index

Jul 2022

23.4

53.5

23.1

50.1

Jun 2022

19.4

53.6

27.0

46.2

May 2022

21.7

45.6

32.7

44.5

Apr 2022

21.0

51.4

27.6

46.7

About This Report
DO NOT CONFUSE THIS NATIONAL REPORT with the various regional purchasing reports released across the country. The national report's information reflects the entire U.S., while the regional reports contain primarily regional data from their local vicinities. Also, the information in the regional reports is not used in calculating the results of the national report. The information compiled in this report is for the month of July 2022.

The data presented herein is obtained from a survey of supply executives in the services sector based on information they have collected within their respective organizations. ISM® makes no representation, other than that stated within this release, regarding the individual company data collection procedures. The data should be compared to all other economic data sources when used in decision-making.

Data and Method of Presentation
The Services ISM® Report On Business® (formerly the Non-Manufacturing ISM® Report On Business®) is based on data compiled from purchasing and supply executives nationwide. Membership of the Services Business Survey Committee (formerly Non-Manufacturing Business Survey Committee) is diversified by NAICS, based on each industry's contribution to gross domestic product (GDP). The Services Business Survey Committee responses are divided into the following NAICS code categories: Agriculture, Forestry, Fishing & Hunting; Mining; Utilities; Construction; Wholesale Trade; Retail Trade; Transportation & Warehousing; Information; Finance & Insurance; Real Estate, Rental & Leasing; Professional, Scientific & Technical Services; Management of Companies & Support Services; Educational Services; Health Care & Social Assistance; Arts, Entertainment & Recreation; Accommodation & Food Services; Public Administration; and Other Services (services such as Equipment & Machinery Repairing; Promoting or Administering Religious Activities; Grantmaking; Advocacy; and Providing Dry-Cleaning & Laundry Services, Personal Care Services, Death Care Services, Pet Care Services, Photofinishing Services, Temporary Parking Services, and Dating Services). The data are weighted based on each industry's contribution to GDP. According to the BEA estimates for 2020 GDP (released December 22, 2021), the six largest services sectors are: Real Estate, Rental & Leasing; Government; Professional, Scientific, & Technical Services; Health Care & Social Assistance; Information; and Finance & Insurance. Beginning in February 2020 with January 2020 data, computation of the indexes is accomplished utilizing unrounded numbers.

Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (Business Activity, New Orders, Backlog of Orders, New Export Orders, Inventory Change, Inventory Sentiment, Imports, Prices, Employment and provider Deliveries), this report shows the percentage reporting each response and the diffusion index. Responses represent raw data and are never changed. Data is seasonally adjusted for Business Activity, New Orders, Prices and Employment. All seasonal adjustment factors are subject annually to relatively minor changes when conditions warrant them. The remaining indexes have not indicated significant seasonality.

The Services PMI® is a composite index based on the diffusion indexes for four of the indicators with equal weights: Business Activity (seasonally adjusted), New Orders (seasonally adjusted), Employment (seasonally adjusted) and provider Deliveries. Diffusion indexes have the properties of leading indicators and are convenient summary measures showing the prevailing direction of change and the scope of change. An index memorizing above 50 percent indicates that the services economy is generally expanding; below 50 percent indicates that it is generally declining. provider Deliveries is an exception. A provider Deliveries Index above 50 percent indicates slower deliveries and below 50 percent indicates faster deliveries.

A Services PMI® above 50.1 percent, over time, indicates that the overall economy, or gross domestic product (GDP), is generally expanding; below 50.1 percent, it is generally declining. The distance from 50 percent or 50.1 percent is indicative of the strength of the expansion or decline.

The Services ISM® Report On Business® survey is sent out to Services Business Survey Committee respondents the first part of each month. Respondents are asked to ONLY report on U.S. operations for the current month. ISM® receives survey responses throughout most of any given month, with the majority of respondents generally waiting until late in the month to submit responses to supply the most accurate picture of current business activity. ISM® then compiles the report for release on the third business day of the following month.

The industries reporting growth, as indicated in the Services ISM® Report On Business® monthly report, are listed in the order of most growth to least growth. For the industries reporting contraction or decreases, those are listed in the order of the highest level of contraction/decrease to the least level of contraction/decrease.

ISM ROB Content
The Institute for Supply Management® ("ISM") Report On Business® (Manufacturing, Services and Hospital reports) ("ISM ROB") contains information, text, files, images, video, sounds, musical works, works of authorship, applications, and any other materials or content (collectively, "Content") of ISM ("ISM ROB Content"). ISM ROB Content is protected by copyright, trademark, trade secret, and other laws, and as between you and ISM, ISM owns and retains all rights in the ISM ROB Content. ISM hereby grants you a limited, revocable, nonsublicensable license to access and display on your individual device the ISM ROB Content (excluding any software code) solely for your personal, non-commercial use. The ISM ROB Content shall also contain Content of users and other ISM licensors. Except as provided herein or as explicitly allowed in writing by ISM, you shall not copy, download, stream, capture, reproduce, duplicate, archive, upload, modify, translate, publish, broadcast, transmit, retransmit, distribute, perform, display, sell, or otherwise use any ISM ROB Content.

Except as explicitly and expressly permitted by ISM, you are strictly prohibited from creating works or materials (including, but not limited to: tables, charts, data streams, time-series variables, fonts, icons, link buttons, wallpaper, desktop themes, online postcards, montages, mashups and similar videos, greeting cards, and unlicensed merchandise) that derive from or are based on the ISM ROB Content. This prohibition applies regardless of whether the derivative works or materials are sold, bartered, or given away. You shall not either directly or through the use of any device, software, internet site, web-based service, or other means remove, alter, bypass, avoid, interfere with, or circumvent any copyright, trademark, or other proprietary notices marked on the Content or any digital rights management mechanism, device, or other content protection or access control measure associated with the Content including geo-filtering mechanisms. Without prior written authorization from ISM, you shall not build a business utilizing the Content, whether or not for profit.

You shall not create, recreate, distribute, incorporate in other work, or advertise an index of any portion of the Content unless you receive prior written authorization from ISM. Requests for permission to reproduce or distribute ISM ROB Content can be made by contacting in writing at: ISM Research, Institute for Supply Management, 309 W. Elliot Road, Suite 113, Tempe, AZ 85284-1556, or by emailing kcahill@ismworld.org; subject: Content Request.

ISM shall not have any liability, duty, or obligation for or relating to the ISM ROB Content or other information contained herein, any errors, inaccuracies, omissions or delays in providing any ISM ROB Content, or for any actions taken in reliance thereon. In no event shall ISM be liable for any special, incidental, or consequential damages, arising out of the use of the ISM ROB. Report On Business®, Manufacturing PMI®, Services PMI®, and Hospital PMI® are registered trademarks of Institute for Supply Management®. Institute for Supply Management® and ISM® are registered trademarks of Institute for Supply Management, Inc.

About Institute for Supply Management®
Institute for Supply Management® (ISM®) serves supply management professionals in more than 90 countries. Its 50,000 members around the world manage about US$1 trillion in corporate and government supply chain procurement annually. Founded in 1915 as the first supply management institute in the world, ISM is committed to advancing the practice of supply management to drive value and competitive advantage for its members, contributing to a prosperous and sustainable world. ISM leads the profession through the ISM® Report On Business®, its highly regarded certification programs and the ISM® Advance Digital Platform. This report has been issued by the association since 1931, except for a four-year interruption during World War II.

The full text version of the Services ISM® Report On Business® is posted on ISM®'s website at www.ismrob.org on the third business day* of every month after 10:00 a.m. ET.

The next Services ISM® Report On Business® featuring August 2022 data will be released at 10:00 a.m. ET on Tuesday, September 6, 2022.

*Unless the New York Stock Exchange is closed.

Contact:

Kristina Cahill

Report On Business® Analyst

ISM®, ROB/Research Manager

Tempe, Arizona

+1 480.455.5910

Email: kcahill@ismworld.org

Institute for Supply Management logo. (PRNewsFoto/Institute for Supply Management)

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/services-pmi-at-56-7-july-2022-services-ism-report-on-business-301598327.html

SOURCE Institute for Supply Management

Wed, 03 Aug 2022 02:00:00 -0500 en-US text/html https://finance.yahoo.com/news/services-pmi-56-7-july-140000696.html
Killexams : Swiss PMI dips slightly but industry stays in growth mode No result found, try new keyword!The Swiss purchasing managers' (PMI) index fell by 1.1 points in July, according to data published on Tuesday, but remained in positive territory despite concerns about rising energy prices and a ... Mon, 01 Aug 2022 19:54:25 -0500 en-us text/html https://www.msn.com/en-us/money/markets/swiss-pmi-dips-slightly-but-industry-stays-in-growth-mode/ar-AA10cUg7
PMI-PBA exam dump and training guide direct download
Training Exams List