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.
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.
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