Thursday, January 5, 2012

ISM Non-Manufacturing Rose Slightly in December

The ISM non-manufacturing index rose a modest 0.6 points to 52.6 in December, according to the Institute for Supply Management report released today. This represents the first monthly gain since August, but is less than expected. The index remains below its third quarter average of 53, but continues to remain above its expansionary threshold of 50.

The business activity index was unchanged in December, as new orders crept higher to 53.2. The employment and supplier deliveries portions of the index also rose modestly. New export orders fell to 51 as imports rose to 54. This is the third monthly gain in imports. Imports only exceeded exports for two months last year.

Read the report.

No comments:

Post a Comment

Please read our comment policy before making a comment.