Wednesday, March 4, 2015

Non-Manufacturing ISM Index Edged Up in February

The Non-Manufacturing ISM Report on Business Index was 56.9 in February, 0.2 percentage points above the previous month. Index readings above 50 indicate expansion in the non-manufacturing economy. February was the 61st consecutive month of economic growth. Fourteen industries reported growth in February, while four industries— Mining; Construction; Other Services; and Arts, Entertainment & Recreation—contracted.

The Business Activity Index was 59.4, 2.1 percentage points slower than the previous month. Respondents cited “Improved economic conditions and seasonal opportunities” as reasons for the continued expansion.

The Employment Index was 56.4, 4.8 percentage points higher than the previous month, as 11 industries reported an increase in employment. The New Orders Index was 56.7, 2.8 percentage points slower than January. Respondents reported the continued growth was driven by “New customers driving new orders.”

The Supplier Deliveries Index was 55.0, a single percentage point higher than the previous month. Nine industries reported slower deliveries. Only the mining industry reported faster deliveries.

Prices paid increased for the third time in 32 months, rising from 45.5 to 49.7. Five industries reported a decline in prices and 8 reported an increase.

Read the ISM release

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