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PMP Project Management Professional - PMP (PMBOK 6th Edition)

Analytical skills
 Benefit analysis techniques
 Elements of a project charter
 Estimation tools and techniques
 Strategic management
 Change management planning
 Cost management planning, including project budgeting tools and techniques
 Communications planning
 Contract types and selection criteria
 Estimation tools and techniques
 Human resource planning
 Lean and efficiency principles
 Procurement planning
 Quality management planning
 Requirements gathering techniques (e.g., planning sessions, brainstorming, and focus groups)
 Regulatory and environmental impacts assessment planning
 Risk management planning
 Scope deconstruction (e.g., WBS, Scope backlog) tools and techniques
 Scope management planning
 Stakeholder management planning
 Time management planning, including scheduling tools and techniques
 Workflow diagramming techniques

Continuous improvement processes
 Contract management techniques
 Elements of a statement of work
 Interdependencies among project elements
 Project budgeting tools and techniques
 Quality standard tools
 Vendor management techniques

Performance measurement and tracking techniques (e.g., EV, CPM, PERT, Trend Analysis)
 Process analysis techniques (e.g., LEAN, Kanban, Six Sigma)
 Project control limits (e.g., thresholds, tolerance)
 Project finance principles
 Project monitoring tools and techniques
 Project quality best practices and standards (e.g., ISO, BS, CMMI, IEEE)
 Quality measurement tools (e.g., statistical sampling, control charts, flowcharting, inspection, assessment)
 Risk identification and analysis techniques
 Risk response techniques
 Quality validation and verification techniques

Archiving practices and statutes
 Compliance (statute/organization)
 Contract closure requirements
 Close-out procedures
 Feedback techniques
 Performance measurement techniques (KPI and key success factors)
 Project review techniques
 Transition planning technique

Active listening
 Applicable laws and regulations
 Benefits realization
 Brainstorming techniques
 Business acumen
 Change management techniques
 Coaching, mentoring, training, and motivational techniques
 Communication channels, tools, techniques, and methods
 Configuration management
 Conflict resolution
 Customer satisfaction metrics
 Data gathering techniques
 Decision making
 Delegation techniques
 Diversity and cultural sensitivity
 Emotional intelligence
 Expert judgment technique
 Facilitation
 Generational sensitivity and diversity
 Information management tools, techniques, and methods
 Interpersonal skills
 Knowledge management
 Leadership tools, techniques, and skills
 Lessons learned management techniques
 Meeting management techniques
 Negotiating and influencing techniques and skills Organizational and operational awareness
 Peer-review processes
 Presentation tools and techniques
 Prioritization/time management
 Problem-solving tools and techniques
 Project finance principles
 Quality assurance and control techniques
 Relationship management
 Risk assessment techniques
 Situational awareness
 Stakeholder management techniques
 Team-building techniques
 Virtual/remote team management

Marking
1. Initiating 13%
2. Planning 24%
3. Executing 31%
4. Monitoring and Controlling 25%
5. Closing 7%
Total Number of Scored Questions 175
Total Number of Unscored (Pretest) Questions 25
Total Number of Questions 200

Project Management Professional - PMP (PMBOK 6th Edition)
PMI Professional availability
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Project management certifications have claimed a place in every top IT certification list for years. That’s because project managers are important to IT operations of all kinds. Whether you are interested in becoming an IT project manager or just want to add project management to your list of soft skills, these five leading certifications will help you add to or boost those skills and, in turn, increase your value.

If there’s a single set of soft skills that’s been fixed on the IT radar for the past decade or so, to the point where it’s become almost as sought after and every bit as valuable as top-level credentials, it must be project management. Thanks in large part to the immensely popular and widely pursued Project Management Professional (PMP) certification from the Project Management Institute (PMI), this area has become an incredibly valuable merit badge for IT professionals of all stripes. That’s because it enhances and expands on the value of just about any other kind of technical credential.

Project management has everything to do with planning, scheduling, budgeting for, and then executing and reporting on projects of all shapes and sizes. In fact, anything and everything that IT does can be understood or handled as a project of some kind. It applies to one-of-a-kind activities that happen only once or very seldom (think hardware or OS upgrades or migrating from older to newer platforms or infrastructures). Ditto for a recurring series of activities that repeat regularly (think security patches, software updates or other regular maintenance tasks). Thus, project management is incredibly important and valuable to IT operations across the board.

According to PMI’s Earning Power: Project Management Salary Survey, 10th Edition [pdf], IT professionals who hold a PMP report median base annual salaries in the U.S. of almost $116,000. The top 25 percent of survey respondents report base salaries of at least $139,000. Depending on such factors as complexity and size of projects, location, fields of expertise (e.g., IT, construction or healthcare), and experience, salaries for some PMP credential holders can be much higher still.

Robert Half’s Technology & IT 2019 Salary Guide lists project management as a hot certification, with salaries varying slightly by technology area. It cites a salary range of $93,000 to $157,500 for project managers in application development environments. Project managers engaged in consulting and system integration roles can expect to earn $96,250 to $163,500 nationwide. This explains nicely why PMP appears in nearly every top 10 list of popular, targeted or most desirable certifications since the early 2000s. It’s no surprise that Robert Half also lists the PMP credential, along with Agile and Scrum certifications, as “highly valued technology certifications” trending up in the IT industry.

To supply you an idea of which project management credentials employers look for in prospective candidates, we conducted a quick survey on some popular job boards. Clearly, the PMP is the overall favorite and remains our No. 1 pick for must-have project management certifications. PMI’s entry-level project management credential, the CAPM, also made our top five. The CSM from Scrum Alliance, along with ASQ’s Certified Six Sigma Black Belt and Green Belt credentials, round out those picks. It’s also worth noting that job postings for project managers increased by 20 percent from 2018 across all project management certifications.

Job board survey results (in alphabetical order, by certification)

Certification SimplyHired Indeed LinkedIn Jobs LinkUp.com Total
CAPM (Project Management Institute) 593 718 1,187 381 2,879
CSM (Scrum Alliance) 3,550 4,916 9,286 3,052 20,804
CSSBB (ASQ) 998 1,231 1,817 848 4,864
CSSGB (ASQ) 1,205 1,457 1,966 842 5,470
PMP (Project Management Institute) 13,683 18,311 28,064 9,096 69,154

CAPM: Certified Associate in Project Management

CAPM: Certified Associate in Project Management

The same organization behind the more senior Project Management Professional (PMP) credential also backs the Certified Associate in Project Management (CAPM). In fact, the CAPM is properly considered a steppingstone credential for those who wish to attain PMP status by stages, rather than in a single giant leap. That’s why PMI describes the CAPM as a “valuable entry-level certification for project practitioners” that is “designed for those with little or no project experience.”

The PMP requires three to five years of documented on-the-job project management experience, depending on the educational background of each applicant. On the other hand, the CAPM requires only a high school diploma and either 1,500 hours of documented on-the-job experience (about nine months of full-time work) or 23 hours of project management classroom training prior to taking the exam. The education prerequisite can be met by completing PMI’s Project Management Basics online course which costs $350 for PMI members and $400 for non-members.

Nor does the CAPM require continuing education (which PMI calls PDUs, or professional development units) as does the PMP (60 PDUs every three years) to maintain this credential. To recertify, CAPM holders must retake the exam once every five years.

The CAPM is one of a small set of entry-level project management certifications (including the CompTIA Project+) that IT professionals interested in project management might choose to pursue. Remember, though, that it is just a steppingstone to the PMP.

Unless you work in a large organization where a project management team is in place that includes junior as well as senior positions, the CAPM by itself is unlikely to provide a ticket to a project management job. However, it’s ideal for IT professionals for whom project management is a part-time job role or who want to grow into full-time project management.

CAPM facts and figures

Certification name Certified Associate in Project Management (CAPM)
Prerequisites/required courses High school diploma, associate’s degree or global equivalent, plus 1,500 hours of project management experience or 23 hours of project management education

Certification valid for five years; candidates must retake exam to maintain credential.

Number of exams One (150 questions; 15 questions are unscored; three hours to complete)
Cost per exam Computer- or paper-based exams:

PMI member: $225 (retake $150)

Nonmember: $300 (retake $200)

Exam available in online proctored or center-based test (CBT) formats.

Exam administered by Pearson VUE.

URL www.pmi.org/Certification/Certified-Associate-in-Project-Management-CAPM.aspx
Self-study materials PMI maintains a list of self-study materials on its exam guidance webpage, including the Exam Content Outline [pdf], trial exam questions [pdf] and the CAPM Handbook [pdf].

Numerous books are available, including:

A Guide to the Project Management Body of Knowledge (PMBOK Guide) – Sixth Edition; Sept. 22, 2017; Project Management Institute; ISBN-10: 1628251840; ISBN-13: 978-1628251845 (available for free download to PMI members)

CAPM exam Prep, Third Edition, by Rita Mulcahy, Sept. 2013, RMC Publications, ISBN-10: 1932735720, ISBN-13: 978-1932735727

CAPM/PMP Project Management Certification All-in-One exam Guide, Fourth Edition, by Joseph Phillips; April 23, 2018; McGraw-Hill Education; ISBN-10: 1259861627; ISBN-13: 978-1259861628

CSM: Certified ScrumMaster

As companies seek to deliver more for less, many adopt Agile methodologies to streamline processes, build quality into products and ensure that final builds meet customer requirements. As Agile methodologies have become more popular, it’s no surprise that we see increased demand for IT practitioners qualified to manage projects in Agile environments.

While different Scrum master certifications are available, our pick is the Certified ScrumMaster (CSM) from the Scrum Alliance. This nonprofit encourages adoption of Scrum and Agile practices, promotes user groups and learning events, and provides resources for professional development. The organization boasts more than 500,000 certified practitioners worldwide.

The Scrum Alliance provides a support system for Scrum practitioners, including Scrum Gatherings, user groups, virtual communications, coaching, online training and much more. In addition to community and advocacy activities, the Scrum Alliance offers numerous Scrum-related certifications at the foundation, advanced, professional, elevated (guide) and leadership levels. Scrum Alliance certifications are designed for team members engaged in Scrum master, product owners and developer roles. The Scrum master and product owner tracks offer credentials at the foundation, advanced and professional levels which the developer track only offers a foundation and professional level cert.

  • Scrum Master Track: Certified ScrumMaster (CSM), Advanced Certified ScrumMaster (A-CSM), and Certified Scrum Professional – Scrum Master (CSP-SM)
  • Product Owner Track: Certified Scrum Product Owner (CSPO) Advanced Certified Scrum Product Owner (A-CSPO) and Certified Scrum Professional – Product Owner (CSP-PO)
  • Developer Track: Certified Scrum Developer (CSD) and Certified Scrum Professional (CSP)
  • Elevated or guide credentials: Certified Scrum Trainer (CST), Certified Team Coach (CTC) and Certified Enterprise Coach (CEC)
  • Agile Leadership: The Scrum Alliance also offers the Certified Agile Leadership (CAL) program, a credential based on a combination of education and validated practice. There are two credentials – the Certified Agile Leadership I and Certified Agile Leadership II.

For project managers getting started as Scrum practitioners, the CSM makes an excellent entry-level credential. Not only must candidates demonstrate an understanding of Scrum principles and values, but they’ll learn how to implement and apply Scrum in practice. The Scrum Alliance provides CSMs with multiple resources, plus checklists and information about the servant-leader role of the Scrum master.

Certified ScrumMaster facts and figures

CSSBB: Certified Six Sigma Black Belt

Globally recognized, ASQ certifications attest to candidate expertise, mastery of industry and regulation standards, and mastery of the ASQ Body of Knowledge. Currently, ASQ offers 18 credentials, three of which specifically target project management: the Certified Six Sigma Black Belt (CSSBB) (expert level), the Six Sigma Green Belt (CSSGB) (professional level) and the Six Sigma Yellow Belt (CSSYB) (entry level).

The Certified Six Sigma Black Belt is ASQ’s highest Six Sigma credential. The CSSBB aims at experienced practitioners who understand Six Sigma methodologies (including the DMAIC model), tools, systems and philosophies. CSSBBs can lead teams or manage team dynamics, roles and responsibilities.

The path to CSSBB certification is rigorous. In addition to passing a comprehensive exam, candidates must complete two projects that employ Six Sigma tools and processes, resulting in project improvement and a positive financial project impact. An affidavit is also required to attest to the veracity of the project. Alternatively, candidates with at least three years of experience in one or more of the Six Sigma Body of Knowledge areas need only complete one Black Belt project.

CSSBB candidates are expected to demonstrate mastery of the ASQ Black Belt Body of Knowledge, called standards:

  • Organization-wide Planning and Deployment (organization-wide considerations, leadership)
  • Organization Process Management and Measures (impact on stakeholders, benchmarking, business measures)
  • Team Management (team formation, facilitation, dynamics, training)
  • Define (voice of the customer, business case and project charter, project management tools, analytical tools)
  • Measure (process characteristics, data collection, measurement systems, basic statistics, probability, process capability)
  • Analyze (measuring and modeling relationships between variables, hypothesis testing, failure mode and effects analysis, other analysis methods)
  • Improve (design of experiments, lean methods, implementation)
  • Control (statistical process control and other controls, maintain controls, sustain improvements)
  • Design for Six Sigma (DFSS) Framework and Methodologies (common DFSS methodologies, design for DVX, robust designs)

The CSSBB is valid for three years. To recertify, candidates must earn 18 recertification units or retake the exam.

CSSBB facts and figures

Certification name Certified Six Sigma Black Belt (CSSBB)
Prerequisites/required courses Two completed projects with signed project affidavit, or one completed project with signed affidavit plus three years of experience in one or more areas of the Six Sigma Body of Knowledge
Number of exams One: computer-based (165 questions, 4.5 hours) or paper-based (150 questions, 4 hours)
Cost per exam $438 members, $538 nonmembers (retakes $338)

Exams administered by Prometric.

URL https://asq.org/cert/six-sigma-black-belt
Self-study materials ASQ maintains a comprehensive list of exam prep materials, including training opportunities, question banks, interactive trial exams, books and other recommended references.

CSSGB: Certified Six Sigma Green Belt

The Certified Six Sigma Green Belt (CSSGB) by ASQ is a professional-level credential targeting experienced Six Sigma practitioners. Often, a CSSGB works under the direction of the more senior CSSBB or as an assistant. CSSGBs identify issues and drive quality and process improvements in projects.

To earn the credential, candidates should have at least three years of experience working with Six Sigma processes, systems and tools. The work experience must have been full time and compensated; an unpaid internship, for example, doesn’t count. In addition, work performed must have been in at least one of the Six Sigma Green Belt Body of Knowledge competency areas.

In addition to work experience, candidates must pass an exam that tests their knowledge of the Six Sigma Green Belt Body of Knowledge. Currently, the Green Belt Body of Knowledge includes six competency areas:

  • Overview: Six Sigma and the Organization (organizational goals, lean principles, design methodologies)
  • Define Phase (project identification, customer voice, project management basics, management and planning tools, project business results, team dynamics and performance)
  • Measurement Phase (process analysis and documentation, probability and statistics, statistical distributions, data collection, measurement system analysis, process and performance capability)
  • Analyze Phase (exploratory data analysis, hypothesis testing)
  • Improve Phase (design of experiments, root cause analysis, lean tools)
  • Control Phase (statistical process control, control plan, lean tools for process control)

Overall, this is an excellent credential for those who have some experience but are not quite ready to take on the roles and responsibilities of a Black Belt.

CSSGB facts and figures

Certification name Certified Six Sigma Green Belt (CSSGB)
Prerequisites/required courses Three years of experience in one or more of the Six Sigma Green Belt Body of Knowledge areas

Experience must be a full-time paid position (internships do not meet the experience requirement)

Number of exams One: computer-based (110 questions, 4.5 hours) or paper-based (100 questions, 4 hours)
Cost per exam $338 members, $438 nonmembers; retakes cost $238

Exams administered by Prometric.

URL https://asq.org/cert/six-sigma-green-belt
Self-study materials ASQ maintains a comprehensive list of exam prep materials, including training opportunities, question banks, interactive trial exams, books and other recommended references.

PMP: Project Management Professional

The Project Management Institute (PMI) not only stands behind its Project Management Professional certification, it works with academia and training companies to ensure proper coverage and currency in the various curricula that support this and other PMI credentials. Boasting more than 500,000 global members and 750,000 PMP certified professionals around the world, PMI’s PMP remains one of the most prestigious project management credentials available. (Note: The PMP’s precursor, the CAPM, is covered in an earlier section of this article.)

That’s why you can obtain college- and university-based PMP training from so many institutions. It’s also why you may sometimes find PMP coverage integrated into certain degree programs (often at the master’s degree level).

The PMP credential is coveted by employers seeking the most highly skilled project management professionals. Developed by project managers, the PMP certification is the highest level offered in PMI certifications. It is designed to ensure that credential-holders possess the skills and qualifications necessary to successfully manage all phases of a project, including initiating, planning, scheduling, controlling and monitoring, and closing out the project.

PMP certified projects managers are also well versed and skilled in managing all aspects of the triple constraints – time, cost and scope. Employers depend on the skills of PMP professionals to manage budgets, track costs, manage scope creep, identify how changes to the triple constraints may introduce risk into the project, and minimize such risk to protect the project investment.

The standards for PMP certification are rigorous. Beyond passing a comprehensive exam, credential holders must first demonstrate and certify that they have the skills and education necessary to succeed in the project management field. Credential seekers should be ready to provide documentation for items such as education, projects worked on and hours spent in each of the five project management stages – initiating, planning, executing, monitoring and controlling, and closing out the project.

While it’s difficult to achieve, the rewards for PMP credential holders can be significant. According to PMI’s Earning Power: Project Management Salary Survey, 10th Edition [pdf], PMPs in the U.S. earn an average of 23 percent more than their non-credentialed counterparts. The survey reports median salaries of PMPs in the United States at $115,000, as opposed to $92,000 for non-PMP certified project managers.

For those interested in program management or wishing to specialize in a project management area, PMI offers several interesting additional credentials:

The PMP remains a nonpareil certification for IT and other professionals whose responsibilities encompass project management. It is the standard against which all other project management credentials are judged.

It should be noted that, after meeting the prerequisites, candidates are also required to pass a rigorous exam. Candidates must obtain an eligibility ID from PMI before they can register for the exam.

PMP facts and figures

Certification name Project Management Professional (PMP)
Prerequisites/required Courses Required courses: None

Prerequisite skills: Four-year degree, 4,500 hours in leading and directing projects, and 35 hours of project management education

OR

Secondary degree (high school diploma, associate’s degree or equivalent), 7,500 hours leading and directing projects, and 35 hours of project management education

Note: Credential holders must earn 60 professional development units (PDUs) per each three-year cycle to maintain certification.

Number of exams One (200 questions, 4 hours)
Cost per exam Paper* and computer-based exams:

PMI member: $405 (retake $275)

Nonmember: $555 (retake $375)

*Paper-based exam only available if candidates lives more than 150 miles from testing center or if testing center is not available in the country of residence and travel would provide an undue burden.

Exam administered by Prometric. Eligibility ID from PMI required to register.

URL www.pmi.org/Certification/Project-Management-Professional-PMP.aspx
Self-study materials PMI maintains a list of training resources on the PMP exam guidance webpage, including links to trial questions, the PMP exam Content Outline [pdf] and the PMP Handbook [pdf]. Additional training materials (quizzes, publications, books, practice guides and more) are available from the PMI Store.

Numerous books are available, including:

Guide to the Project Management Body of Knowledge (PMBOK Guide) – Sixth Edition; Sept. 22, 2017; Project Management Institute; ISBN-10: 1628251840; ISBN-13: 978-1628251845 (available for free download to PMI members)

PMP exam Prep: Accelerated Learning to Pass the Project Management Professional (PMP) Exam, Ninth Edition, by Rita Mulcahy; Feb. 1, 2018; RMC Publications Inc.; ISBN-10: 1943704040; ISBN-13: 978-143704040

CAPM/PMP Project Management Certification All-in-One exam Guide, Fourth Edition, by Joseph Phillips; April 23, 2018; McGraw-Hill Education; ISBN-10: 1259861627; ISBN-13: 978-1259861628

Practice exams: PMP exam practice test and Study Guide, Ninth Edition, by J. LeRoy Ward and Ginger Levin; June 28, 2018; Auerbach Publications, ISBN-10: 1138440299; ISBN-13: 978-1138440299

Beyond the top 5: More project management certifications

Project management is truly a white-hot area for both certification seekers and employers. Several other project management certifications are available, for general IT project management as well as software development project management.

Honorable mention goes to the Global Association for Quality Management (GAQM) project management certifications, such as the Professional in Project Management, Associate in Project Management and Certified Project Director. The Prince2 Foundation and Practitioner qualifications (featured in the 2017 top-five list) are also excellent credentials and worth honorable mention.

The CompTIA Project+ credential (featured in the 2017 top-five list and honorable mention in 2018) remains a well-known entry-level project management certification for those starting their project management careers. ASQ’s Certified Six Sigma Yellow Belt (CSSYB) is another entry-level credential worth exploring, particularly if you’re interested in eventually moving up to the more senior Green and Black Belt credentials.

Most graduate business, management and management information systems (MIS) programs offer project management training to students, and some offer certificate programs outside the project management organizations as well.

You’ll also find training and occasional certification around various project management tool sets. For example, some Microsoft Learning Partners offer courses on Microsoft Project, and you can find a dizzying array of project management packages on Wikipedia’s comparison of project management software page.

The CAPM and Project+ remain the best-known entry-level project management certifications, with the PMP as the primary professional target and capstone for would-be professional IT project managers. Don’t forget to consider PMI’s related certifications as well. For project managers seeking entry into the realm of Scrum, the CSM is the best entry-level cert for Scrum practitioners.

Tue, 11 Oct 2022 12:00:00 -0500 en text/html https://www.businessnewsdaily.com/10762-best-project-management-certifications.html
Killexams : Hospital PMI® at 57.9%; September 2022 Hospital ISM® Report On Business®

TEMPE, Ariz., Oct. 7, 2022 /PRNewswire/ -- Economic activity in the hospital subsector grew in September for the 28th consecutive month, say the nation's hospital supply executives in the latest Hospital ISM® Report On Business®.

The report was issued today by Nancy LeMaster, MBA, Chair of the Institute for Supply Management® (ISM®) Hospital Business Survey Committee: "The Hospital PMI® registered 57.9 percent in September, a 4.4-percentage point increase from the August reading of 53.5 percent, indicating a 28th consecutive month of growth. The Business Activity, New Orders and Employment indexes all increased compared to August. The Case Mix Index registered 47.5 percent, a decrease of 6 percentage points compared to the August figure of 53.5 percent. The Days Payable Outstanding Index registered 52.5 percent, down 5 percentage points from the 57.5 percent reported in August. The Technology Spend Index registered 60.5 percent, a 6-percentage point increase from the August reading of 54.5 percent."

LeMaster continues, "A top-of-mind concern for Business Survey Committee respondents was erosion of hospital profitability due to increased labor and supply costs. Many commented on their facilities' decline in financial performance in spite of higher volumes. Some panelists mentioned that labor shortages continued to reduce capacity, but a majority reported higher inpatient and outpatient volumes. Respondents reported improvements in supplier deliveries and some easing of product shortages, but the potential of railway work stoppages caused concerns, though those have been eased for now. They also indicated that, despite some improvements, product availability remained an issue. That said, hospitals are managing those concerns while continuing to reduce periodic automatic replenishment (PAR) levels and burn off inventory in an effort to free up cash flow."

Hospital PMI® History


Month

Hospital PMI®

Month

Hospital PMI®

Sep 2022

57.9

Mar 2022

50.4

Aug 2022

53.5

Feb 2022

56.9

Jul 2022

54.9

Jan 2022

64.1

Jun 2022

58.0

Dec 2021

63.8

May 2022

56.9

Nov 2021

64.5

Apr 2022

56.3

Oct 2021

63.4

Average for 12 months – 58.4

High – 64.5

Low – 50.4

About This Report

The information compiled in this report is for the month of September 2022.

The Hospital PMI® was developed in collaboration with the Association for Health Care Resource & Materials Management (AHRMM), an association for the health care supply chain profession, and a professional membership group of the American Hospital Association (AHA).

The data presented herein is obtained from a survey of hospital supply executives 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 Hospital ISM® Report On Business® is based on data compiled from hospital purchasing and supply executives nationwide. 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, Employment, supplier Deliveries, Inventories, Prices, Prices: Pharmaceuticals, Prices: Supplies, Backlog of Orders, Imports, Inventory Sentiment, Case Mix, Days Payable Outstanding, Technology Spend, and Touchless Orders), this report shows the percentage reporting each response and the diffusion index. Responses represent raw data and are never changed. Beginning in January 2021, the Report On Business® staff and consultants are gathering market information to better validate the Exports Index. Exports Index data are still being collected.

The Hospital PMI® is a composite index computed from the following, equally weighted indexes: Business Activity, New Orders, Employment and supplier 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. A Hospital PMI® index reading above 50 percent indicates that the hospital sub-sector is generally expanding; below 50 percent indicates that it is generally declining. For the sub-indexes, except supplier Deliveries, an index reading above 50 percent indicates that the sub-index is generally expanding; below 50 percent indicates that it is generally contracting. A supplier Deliveries Index above 50 percent indicates slower deliveries and below 50 percent indicates faster deliveries.

The Hospital ISM® Report On Business® survey is sent out to the Hospital 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 fifth business day of the following month.

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 Michelle Rusk in writing at: ISM Research, Institute for Supply Management, 309 W. Elliot Road, Suite 113, Tempe, AZ 85284-1556, or by emailing mrusk@ismworld.org; subject: Content Request.

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Fri, 07 Oct 2022 02:00:00 -0500 text/html https://www.benzinga.com/pressreleases/22/10/n29185006/hospital-pmi-at-57-9-september-2022-hospital-ism-report-on-business
Killexams : Services PMI® at 56.7%; September 2022 Services ISM® Report On Business®

Business Activity Index at 59.1%; New Orders Index at 60.6%; Employment Index at 53%; supplier Deliveries Index at 53.9%

TEMPE, Ariz., Oct. 5, 2022 /PRNewswire/ -- Economic activity in the services sector grew in September for the 28th 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 September, the Services PMI® registered 56.7 percent, 0.2 percentage point lower than August's reading of 56.9 percent. The Business Activity Index registered 59.1 percent, a decrease of 1.8 percentage points compared to the reading of 60.9 percent in August. The New Orders Index figure of 60.6 percent is 1.2 percentage points lower than the August reading of 61.8 percent.

"The supplier Deliveries Index registered 53.9 percent, 0.6 percentage point lower than the 54.5 percent reported in August. (Supplier Deliveries is the only ISM® Report On Business® index that is inversed; a reading of above 50 percent indicates slower deliveries, which is typical as the economy improves and customer demand increases.)

"The Prices Index decreased for the fifth consecutive month in September, down 2.8 percentage points to 68.7 percent. Services businesses still continue to struggle to replenish their stocks, as the Inventories Index contracted for the fourth consecutive month; the reading of 44.1 percent is down 2.1 percentage points from August's figure of 46.2 percent. The Inventory Sentiment Index (47.2 percent, up 0.1 percentage point from August's reading of 47.1 percent) contracted for the second consecutive month in September."

Nieves continues, "According to the Services PMI®, 15 industries reported growth. The composite index indicated growth for the 28th consecutive month after a two-month contraction in April and May 2020. Growth continues — at a slightly slower rate — for the services sector, which has expanded for all but two of the last 152 months. The services sector had a slight pullback in growth for the month of September due to decreases in business activity and new orders. Employment improved and supplier deliveries slowed at a slightly slower rate. Based on comments from Business Survey Committee respondents, there have been improvements regarding supply chain efficiency, operating capacity and materials availability; however, performance remains less than ideal. Employment continued to Excellerate despite the restricted labor market."

INDUSTRY PERFORMANCE

The 15 services industries reporting growth in September — listed in order — are: Mining; Other Services; Educational Services; Agriculture, Forestry, Fishing & Hunting; Public Administration; Retail Trade; Wholesale Trade; Information; Utilities; Professional, Scientific & Technical Services; Health Care & Social Assistance; Finance & Insurance; Real Estate, Rental & Leasing; Construction; and Management of Companies & Support Services. The three industries reporting a decrease in the month of September are: Accommodation & Food Services; Arts, Entertainment & Recreation; and Transportation & Warehousing.

WHAT RESPONDENTS ARE SAYING

  • "Sales at our restaurants seasonally trend down from August to October, and this year seems to be more severe compared to before the pandemic. General inflation concerns and consumer uncertainty are the likely causes, expressed by industry peers as well." [Accommodation & Food Services]

  • "General slowdown in sales. We believe high commodity prices and inflation have impacted consumers' desire for fertilizer from our turf and ornamental division. Farmers have already cut back on consumption due to pricing and weather-related issues." [Agriculture, Forestry, Fishing & Hunting]

  • "September is one of our slowest months of the year. We are gearing up to have a very busy fourth quarter and are seeing some signs of relief in our supply chain." [Arts, Entertainment & Recreation]

  • "Sales have slowed significantly. Very challenging market. Trying to build through backlog. Manufacturers, distributors and installation trades are still busy and passing on price increases, while we are discounting homes to stimulate sales. Margins are compressing." [Construction]

  • "Due to supply chain issues and inflation, we continue to limit purchases and/or start orders sooner than normal. In the higher education sector, the outlook is good for larger schools." [Educational Services]

  • "Labor pressures continue to depress business activity, as insufficient staffing levels are not allowing the hospital system to operate at capacity. Back orders remain unchanged from a month ago as shortages of raw materials — especially surgical grade Tyvek (synthetic polyethylene fiber), foam and plastics — persist and do not appear to be improving. Logistical lead times have decreased, but the impact on supply chains is limited amid product shortages." [Health Care & Social Assistance]

  • "Hiring continues to be a challenge across most industry sectors. There are far more open roles than candidates to fill them. Due to inflationary concerns, companies are being cautious about hiring direct employees and are attempting to utilize contingent labor. The lack of candidates willing to fill temporary positions is making this strategy difficult to execute." [Professional, Scientific & Technical Services]

  • "Chip shortage shows no signs of abating." [Retail Trade]

  • "Prices of fuel are leveling off (or) dropping in small increments. Still facing supply/demand issues with certain products — food, beverages, some raw construction material and semiconductor chips. Big concern is (China's) zero-tolerance policy for COVID-19 cases. A lot of companies rely on products from China, and cities keep shutting down due to the policy. This greatly affects the orders outstanding and creates lead time uncertainty." [Transportation & Warehousing]

  • "Business activity has improved over last month but is still trending flat to slightly down versus the same period last year. Inventory levels are starting to fall from record highs, but overstocked items are still a problem. We expect lower demand and inventory rebalancing to impact business activity through the end of the calendar year." [Wholesale Trade]

ISM® SERVICES SURVEY RESULTS AT A GLANCE

COMPARISON OF ISM® SERVICES AND ISM® MANUFACTURING SURVEYS

SEPTEMBER 2022

Index

 Services PMI®

Manufacturing PMI®

Series
Index

Sep

Series
Index

Aug

Percent
Point
Change

Direction

Rate of
Change

Trend*

(Months)

Series
Index

Sep

Series
Index

Aug

Percent
Point
Change

Services PMI®

56.7

56.9

-0.2

Growing

Slower

28

50.9

52.8

-1.9

Business Activity/

Production

59.1

60.9

-1.8

Growing

Slower

28

50.6

50.4

+0.2

New Orders

60.6

61.8

-1.2

Growing

Slower

28

47.1

51.3

-4.2

Employment

53.0

50.2

+2.8

Growing

Faster

2

48.7

54.2

-5.5

Supplier Deliveries

53.9

54.5

-0.6

Slowing

Slower

40

52.4

55.1

-2.7

Inventories

44.1

46.2

-2.1

Contracting

Faster

4

55.5

53.1

+2.4

Prices

68.7

71.5

-2.8

Increasing

Slower

64

51.7

52.5

-0.8

Backlog of Orders

52.5

53.9

-1.4

Growing

Slower

21

50.9

53.0

-2.1

New Export Orders

65.1

61.9

+3.2

Growing

Faster

8

47.8

49.4

-1.6

Imports

51.3

48.2

+3.1

Growing

From
Contracting

1

52.6

52.5

+0.1

Inventory Sentiment

47.2

47.1

+0.1

Too Low

Slower

2

N/A

N/A

N/A

Customers' Inventories

N/A

N/A

N/A

N/A

N/A

N/A

41.6

38.9

+2.7

OVERALL ECONOMY

Growing

Slower

28

Services Sector

Growing

Slower

28

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
Cheese; Chicken (2); Concrete; Dairy; Drywall; Eggs; Electrical Components (20); Electrical Equipment; Electronic Components; Food and Beverages; Furniture; Labor (22); Labor — Construction (2); Labor — Contingent (3); Labor — Full Time; Labor — Services; Labor — Temporary (2); Natural Gas (2); Paper; Pipe and Fittings; Plumbing Services; Potato Products; Semiconductors; Soybean Oil (2); Steel Products* (21); Sugar; Transformers; and Truck Rentals.

Commodities Down in Price
Diesel Fuel (2); Fuel (3); Gasoline (2); Lumber; Ocean Freight (2); Polyvinyl Chloride (PVC) Products; Steel; and Steel Products* (2).

Commodities in Short Supply
Appliances; Electrodes; Food Products; Heating, Ventilation and Air Conditioning (HVAC) Equipment; Labor (14); Microchips (5); Needles and Syringes; Paper (2); Plastic Pipes and Fittings; Transformers; Vacutainers; and Vehicles (3).

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

SEPTEMBER 2022 SERVICES INDEX SUMMARIES

Services PMI®
In September, the Services PMI® registered 56.7 percent, a 0.2-percentage point decrease compared to the August reading of 56.9 percent. The 12-month average is 59.2 percent, reflecting consistently strong growth in the services sector, which has expanded for 28 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.

A Services PMI® above 50.1 percent, over time, generally indicates an expansion of the overall economy. Therefore, the September Services PMI® indicates the overall economy has followed the same path as the services sector: expansion for 28 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 September (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®

Sep 2022

56.7

Mar 2022

58.3

Aug 2022

56.9

Feb 2022

56.5

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

Average for 12 months – 59.2

High – 68.4

Low – 55.3

Business Activity
ISM®'s Business Activity Index registered 59.1 percent in September, a decrease of 1.8 percentage points from the reading of 60.9 percent in August, indicating growth for the 28th consecutive month. Comments from respondents include: "Production was higher to support sales" and "Increased activity due to the approaching end on the fiscal year."

The 14 industries reporting an increase in business activity for the month of September — listed in order — are: Mining; Information; Other Services; Educational Services; Wholesale Trade; Health Care & Social Assistance; Finance & Insurance; Utilities; Agriculture, Forestry, Fishing & Hunting; Real Estate, Rental & Leasing; Public Administration; Professional, Scientific & Technical Services; Retail Trade; and Transportation & Warehousing. The two industries reporting a decrease in business activity for the month of September are: Accommodation & Food Services; and Arts, Entertainment & Recreation.

Business Activity

%Higher

%Same

%Lower

Index

Sep 2022

32.5

56.7

10.8

59.1

Aug 2022

27.6

59.7

12.7

60.9

Jul 2022

32.9

55.7

11.4

59.9

Jun 2022

27.0

60.5

12.5

56.1

New Orders
ISM®'s New Orders Index registered 60.6 percent, down 1.2 percentage points from the August reading of 61.8 percent. New orders grew for the 28th consecutive month after two months of contraction and a preceding period of 128 months of expansion. Comments from respondents include: "New customers added as our business continues to grow" and "New programs starting up."

Thirteen industries reported growth of new orders in September, in the following order: Mining; Other Services; Retail Trade; Educational Services; Real Estate, Rental & Leasing; Information; Public Administration; Wholesale Trade; Health Care & Social Assistance; Agriculture, Forestry, Fishing & Hunting; Professional, Scientific & Technical Services; Finance & Insurance; and Utilities. The two industries reporting a decrease in new orders in September are: Arts, Entertainment & Recreation; and Transportation & Warehousing.

New Orders

%Higher

%Same

%Lower

Index

Sep 2022

36.8

52.4

10.8

60.6

Aug 2022

30.1

55.7

14.2

61.8

Jul 2022

32.8

54.4

12.8

59.9

Jun 2022

28.3

57.7

14.0

55.6

Employment
Employment activity in the services sector grew in September for the second consecutive month after two previous months of contraction. ISM®'s Employment Index registered 53 percent, up 2.8 percentage points from the August reading of 50.2 percent. Comments from respondents include: "Organizational growth continues, although hiring continues to be a challenge" and "Cannot find qualified applicants —they require greater incentives because they have choices."

The 10 industries reporting an increase in employment in September — listed in order — are: Agriculture, Forestry, Fishing & Hunting; Mining; Retail Trade; Construction; Public Administration; Professional, Scientific & Technical Services; Educational Services; Other Services; Wholesale Trade; and Transportation & Warehousing. The two industries reporting a decrease in employment in September are: Real Estate, Rental & Leasing; and Accommodation & Food Services. Six industries reported no change in Employment in September.

Employment

%Higher

%Same

%Lower

Index

Sep 2022

23.7

58.4

17.9

53.0

Aug 2022

20.4

57.2

22.4

50.2

Jul 2022

24.2

51.7

24.1

49.1

Jun 2022

20.4

60.1

19.5

47.4

Supplier Deliveries
The supplier Deliveries Index registered 53.9 percent, down 0.6 percentage point from the 54.5 percent registered in August. A reading above 50 percent indicates slower deliveries, while a reading below 50 percent indicates faster deliveries. Comments from respondents include: "Worries about railway strikes and labor issues" and "Supplier capacity and supply chain issues; lead times still growing for more complex manufactured items."

The 10 industries reporting slower deliveries in September — listed in order — are: Mining; Other Services; Utilities; Public Administration; Real Estate, Rental & Leasing; Management of Companies & Support Services; Professional, Scientific & Technical Services; Educational Services; Finance & Insurance; and Wholesale Trade. The six industries reporting faster supplier deliveries for the month of September — listed in order — are: Arts, Entertainment & Recreation; Retail Trade; Accommodation & Food Services; Transportation & Warehousing; Information; and Health Care & Social Assistance.

Supplier
Deliveries

%Slower

%Same

%Faster

Index

Sep 2022

18.1

71.6

10.3

53.9

Aug 2022

20.6

67.8

11.6

54.5

Jul 2022

25.2

65.2

9.6

57.8

Jun 2022

28.8

66.2

5.0

61.9

Inventories
The Inventories Index contracted in September for the fourth consecutive month after four straight months of growth preceded by an eight-month period of contraction. The reading of 44.1 percent was a 2.1-percentage point decrease from the 46.2 percent reported in August. Of the total respondents in September, 37 percent indicated they do not have inventories or do not measure them. Comments from respondents include: "Burning down excess personal protective equipment" and "Late orders and logistics timing are creating lower-than-desired inventory."

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

Inventories

%Higher

%Same

%Lower

Index

Sep 2022

14.2

59.8

26.0

44.1

Aug 2022

13.9

64.5

21.6

46.2

Jul 2022

15.1

59.7

25.2

45.0

Jun 2022

20.2

54.7

25.1

47.5

Prices
Prices paid by services organizations for materials and services increased in September for the 64th consecutive month, with the index registering 68.7 percent, 2.8 percentage points lower than the 71.5 percent recorded in August. The Prices Index continues to indicate movement toward equilibrium, with a third consecutive reading near or below 70 percent, following nine straight months of readings above 80 percent.

All 18 services industries reported an increase in prices paid during the month of September, in the following order: Arts, Entertainment & Recreation; Public Administration; Health Care & Social Assistance; Agriculture, Forestry, Fishing & Hunting; Management of Companies & Support Services; Utilities; Real Estate, Rental & Leasing; Finance & Insurance; Information; Retail Trade; Construction; Other Services; Mining; Professional, Scientific & Technical Services; Educational Services; Accommodation & Food Services; Wholesale Trade; and Transportation & Warehousing.

Prices

%Higher

%Same

%Lower

Index

Sep 2022

42.6

51.2

6.2

68.7

Aug 2022

49.3

42.6

8.1

71.5

Jul 2022

54.0

39.7

6.3

72.3

Jun 2022

66.1

32.2

1.7

80.1

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 September for the 21st consecutive month. The index registered 52.5 percent, a 1.4-percentage point decrease compared to the August reading of 53.9 percent. Of the total respondents in September, 45 percent indicated they do not measure backlog of orders. Respondent comments include: "Delays caused by out-of-stock (items)" and "Suppliers are not meeting their stated lead times."

The 10 industries reporting an increase in order backlogs in September — listed in order — are: Information; Management of Companies & Support Services; Finance & Insurance; Mining; Other Services; Educational Services; Utilities; Professional, Scientific & Technical Services; Construction; and Health Care & Social Assistance. The four industries reporting a decrease in order backlogs in September are: Retail Trade; Agriculture, Forestry, Fishing & Hunting; Public Administration; and Transportation & Warehousing.

Backlog of
Orders

%Higher

%Same

%Lower

Index

Sep 2022

23.2

58.5

18.3

52.5

Aug 2022

21.7

64.5

13.8

53.9

Jul 2022

31.3

53.9

14.8

58.3

Jun 2022

32.0

57.1

10.9

60.5

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 September for the eighth consecutive month. The New Export Orders Index registered 65.1 percent, a 3.2-percentage point increase from the 61.9 percent reported in August. Of the total respondents in September, 77 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 September — listed in order — are: Management of Companies & Support Services; Real Estate, Rental & Leasing; Retail Trade; Information; Mining; and Educational Services. The three industries reporting a decrease in new export orders in September are: Other Services; Transportation & Warehousing; and Wholesale Trade. Nine industries indicated no change in new export orders in September.

New Export
Orders

%Higher

%Same

%Lower

Index

Sep 2022

35.0

60.2

4.8

65.1

Aug 2022

26.5

70.9

2.6

61.9

Jul 2022

24.3

70.4

5.3

59.5

Jun 2022

19.9

75.3

4.8

57.5

Imports
The Imports Index grew in September after three consecutive months of contraction, registering 51.3 percent, up 3.1 percentage points from August's reading of 48.2 percent. Seventy percent of respondents reported that they do not use, or do not track the use of, imported materials.

The six industries reporting an increase in imports for the month of September — listed in order — are: Mining; Accommodation & Food Services; Educational Services; Information; Construction; and Wholesale Trade. The three industries that reported a decrease in imports in September are: Other Services; Professional, Scientific & Technical Services; and Health Care & Social Assistance. Nine industries reported no change in imports in September.

Imports

%Higher

%Same

%Lower

Index

Sep 2022

10.1

82.4

7.5

51.3

Aug 2022

8.0

80.3

11.7

48.2

Jul 2022

8.4

79.0

12.6

48.0

Jun 2022

7.0

78.6

14.4

46.3

Inventory Sentiment
The ISM® Services Inventory Sentiment Index contracted in September for the second straight month and the 16th time in the last 18 months. The index registered 47.2 percent, a 0.1-percentage point increase from August's figure of 47.1 percent. This reading indicates that respondents feel their inventories are too low when correlated to business activity levels.

The five industries reporting sentiment that their inventories were too high in September are: Arts, Entertainment & Recreation; Retail Trade; Construction; Wholesale Trade; and Health Care & Social Assistance. The seven industries reporting a feeling that their inventories were too low in September — listed in order — are: Real Estate, Rental & Leasing; Management of Companies & Support Services; Transportation & Warehousing; Information; Public Administration; Professional, Scientific & Technical Services; and Utilities. Six industries reported no change in September.

Inventory
Sentiment

%Too

High

%About
Right

%Too

Low

Index

Sep 2022

18.9

56.5

24.6

47.2

Aug 2022

22.9

48.3

28.8

47.1

Jul 2022

23.4

53.5

23.1

50.1

Jun 2022

19.4

53.6

27.0

46.2

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 September 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 supplier 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 supplier 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 reading above 50 percent indicates that the services economy is generally expanding; below 50 percent indicates that it is generally declining. supplier Deliveries is an exception. A supplier 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 October 2022 data will be released at 10:00 a.m. ET on Thursday, November 3, 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)

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SOURCE Institute for Supply Management

Wed, 05 Oct 2022 02:00:00 -0500 en-US text/html https://finance.yahoo.com/news/services-pmi-56-7-september-140000668.html
Killexams : Buying a House: What Does PMI Mean? No result found, try new keyword!PMI protects the lender in the event that the homeowner defaults on the loan, but doesn’t protect the homeowner from foreclosure. The average range for PMI premium rates is 0.58 percent to 1.86 ... Wed, 05 Oct 2022 07:48:00 -0500 text/html https://www.kansas.com/news/business/article266861486.html Killexams : ISM Report On Business Shows 56.7% Rise for September

According to the the latest Institute for Supply Management Report On Business, economic activity in the services sector grew in September for the 28th month in a row — with the Services PMI registering 56.7%.

“In September, the Services PMI registered 56.7%, 0.2 percentage point lower than August’s reading of 56.9 %. The Business Activity Index registered 59.1%, a decrease of 1.8 percentage points compared to the reading of 60.9% in August,” Anthony Nieves, chair of the Institute for Supply Management, said. “The New Orders Index figure of 60.6% is 1.2 percentage points lower than the August reading of 61.8%.The supplier Deliveries Index registered 53.9%, 0.6 percentage point lower than the 54.5% reported in August. (Supplier Deliveries is the only ISM Report On Business index that is inversed; a reading of above 50% indicates slower deliveries, which is typical as the economy improves and customer demand increases.) The prices Index decreased for the fifth consecutive month in September, down 2.8 percentage points to 68.7%. Services businesses still continue to struggle to replenish their stocks, as the Inventories Index contracted for the fourth consecutive month; the reading of 44.1% is down 2.1 percentage points from August’s figure of 46.2%. The Inventory Sentiment Index (47.2%, up 0.1 percentage point from August’s reading of 47.1%) contracted for the second consecutive month in September.”

“According to the Services PMI®, 15 industries reported growth. The composite index indicated growth for the 28th consecutive month after a two-month contraction in April and May 2020. Growth continues — at a slightly slower rate — for the services sector, which has expanded for all but two of the last 152 months,” Nieves said. The services sector had a slight pullback in growth for the month of September due to decreases in business activity and new orders. Employment improved and supplier deliveries slowed at a slightly slower rate. Based on comments from Business Survey Committee respondents, there have been improvements regarding supply chain efficiency, operating capacity and materials availability; however, performance remains less than ideal. Employment continued to Excellerate despite the restricted labor market.”

INDUSTRY PERFORMANCE

The 15 services industries reporting growth in September — listed in order — are: mining; other services; educational services; agriculture, forestry, fishing & hunting; public administration; retail trade; wholesale trade; information; utilities; professional, scientific & technical services; health care & social assistance; finance & insurance; real estate, rental & leasing; construction; and management of companies & support services. the three industries reporting a decrease in the month of september are: accommodation & food services; arts, entertainment & recreation; and transportation & warehousing.

ISM® SERVICES SURVEY RESULTS AT A GLANCE

COMPARISON OF ISM® SERVICES AND ISM® MANUFACTURING SURVEYS

SEPTEMBER 2022

Index  Services PMI® Manufacturing PMI®
Series Index

Sep

Series Index

Aug

Percent Point Change  

Direction

 

Rate of Change

 

Trend*

(Months)

Series Index

Sep

Series Index

Aug

Percent Point Change
Services PMI® 56.7 56.9 -0.2 Growing Slower 28 50.9 52.8 -1.9
Business Activity/

Production

59.1 60.9 -1.8 Growing Slower 28 50.6 50.4 +0.2
New Orders 60.6 61.8 -1.2 Growing Slower 28 47.1 51.3 -4.2
Employment 53.0 50.2 +2.8 Growing Faster 2 48.7 54.2 -5.5
Supplier Deliveries 53.9 54.5 -0.6 Slowing Slower 40 52.4 55.1 -2.7
Inventories 44.1 46.2 -2.1 Contracting Faster 4 55.5 53.1 +2.4
Prices 68.7 71.5 -2.8 Increasing Slower 64 51.7 52.5 -0.8
Backlog of Orders 52.5 53.9 -1.4 Growing Slower 21 50.9 53.0 -2.1
New Export Orders 65.1 61.9 +3.2 Growing Faster 8 47.8 49.4 -1.6
Imports 51.3 48.2 +3.1 Growing From Contracting 1 52.6 52.5 +0.1
Inventory Sentiment 47.2 47.1 +0.1 Too Low Slower 2 N/A N/A N/A
Customers’ Inventories N/A N/A N/A N/A N/A N/A 41.6 38.9 +2.7
OVERALL ECONOMY Growing Slower 28
Services Sector Growing Slower 28

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.


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Wed, 05 Oct 2022 23:50:00 -0500 en-US text/html https://www.monitordaily.com/news-posts/ism-report-on-bunisess-shows-56-7-rise-for-september/
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