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Thursday, January 5, 2017

ISM: Non-Manufacturing Sector Continued Growth in December

The ISM Non-Manufacturing Index registered 57.2 points in December, matching November’s figure. This was the 83rd consecutive month of growth. Twelve non-manufacturing industries reported growth in December, while three reported contraction.
Growth in the Business Activity Index decreased 0.3 points to 61.4. Eleven industries reported increased business activity and four reported decreased activity. Respondents noted an expanded business base and business activity has remained strong and continues to increase.

Non-manufacturing employment grew for the seventh consecutive month, but at a slower pace. The index decreased 4.4 points to 53.8. Nine industries reported increased employment, while four reported decreased employment.

The New Orders Index rose 4.6 points to 61.6. Some respondents commented that departments are trying to spend their budget money before year-end and new capital projects are being initiated.

Supplier deliveries slowed for the 12th consecutive month, as the index registered 52.0 points (readings above 50 for this index indicate slower deliveries). Seven industries reported slower deliveries, while two reported faster deliveries.

Read the ISM release.
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