4 hrs ago
The vast majority of COVID-19 mandates in Pennsylvania end on Memorial Day, but the past yearâs economic shutdowns and related cargo bottlenecks at U.S. ports continue their impact.
As Memorial Day approaches, granite monuments are an example. Shipments are tied up, and there have been delays in production.
Eternal Memorial Designs in Johnstown orders custom stones that arrive sandblasted, cut and ready to be set and engraved.
Co-owner Sharon Novatny said the companyâs granite supplier sent them a recent alert that the industry has seen âa substantial increase in orders due to the pandemic over the last year.â
®.
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: The Services PMI
® registered 62.7 percent, which is 1 percentage point lower than last month s all-time high of 63.7 percent. The April reading indicates the 11th straight month of growth for the services sector, which has expanded for all but two of the last 135 months. The Supplier Deliveries Index registered 66.1 percent, up 5.1 percentage points from March s reading of 61 percent. (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 figure of 76.8 percent is 2.8 percentage points higher than the March reading of 74 percent, indicating that prices increased in April, and at a faster rate. This is the index s highest readi
Construction Supplies are Low, Demand is High, and so are the Costs 98cool.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 98cool.ca Daily Mail and Mail on Sunday newspapers.
®.
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: The Services PMI
® registered an all-time high of 63.7 percent, 8.4 percentage points higher than the February reading of 55.3 percent. The previous high was in October 2018, when the Services PMI
® registered 60.9 percent. The March reading indicates the 10th straight month of growth for the services sector, which has expanded for all but two of the last 134 months.
Nieves continues, For further historical context, the Services PMI
® debuted as the Non-Manufacturing NMI
® in 2008, although subindex data was collected for years in advance. In August 1997, the four subindexes Business Activity, New Orders, Employment and Supplier Deliveries that make up the Services PMI
The Biggest Concern Is Stagflation - Factory Orders Tumble As Services Surveys Signal Soaring Inflation zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.