Hospital PMI® at 47.5%; August 2023 Hospital ISM® Report On Business® ...Middle East

TEMPE, Ariz., Sept. 8, 2023 /PRNewswire/ — Economic activity in the hospital subsector contracted in August for the second time in four months after 35 consecutive months of growth, 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 47.5 percent in August, a 5.8-percentage point decrease from the July reading of 53.3 percent, indicating contraction after two consecutive months of growth. The Hospital PMI® is in contraction territory for just the fourth time (with the index also re

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