Wednesday, December 3, 2014

Non-Manufacturing ISM Index Rebounded in November

The Non-Manufacturing ISM Report on Business Index was 59.3 in November, 2.2 percentage points higher than the previous month. Index readings above 50 indicate expansion in the non-manufacturing economy. November was the 58th consecutive month of economic growth. Fourteen industries reported growth in November, while two industries—arts, entertainment & recreation and utilities—contracted.

The Business Activity Index increased 4.4 percentage points to 64.4, indicating growth in business for the 60th consecutive month. Respondents attributed growth to “more customer orders” and “new business and planned capital expenditure.”

The Employment Index was 56.7 in November, 2.9 percentage points lower than the previous month. Survey responses included reasons such as: “capital projects approved that strained resource levels” and “still understaffed for current requirements.”

The New Orders Index was 61.4, 2.3 percentage points higher than October, the 64th consecutive month of growth. Respondents reported the increase was driven by “year-end spend-down” and “more customer orders.”

The Supplier Deliveries Index rebounded from its slight contraction in October, increasing 5.0 percentage points to 54.5. The increase was driven by two industries: management of companies & support services and finance & insurance.

Read the ISM Release.

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