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Thursday, August 3, 2017

ISM: Non-Manufacturing Sector Grew in July

The ISM Non-Manufacturing Index registered 53.9 points in July, 3.5 percentage points below June’s figure. This was the 91st consecutive month of growth. Fifteen non-manufacturing industries reported growth in July, while two reported contraction.
Growth in the Business Activity Index decreased 4.9 points to 55.9. Fourteen industries reported increased business activity and three reported decreased activity. Respondents noted a drop off in business activity, potentially due to the summer, while others noted increased store traffic. 

Non-manufacturing employment grew for the 41st consecutive month. The index decreased 2.2 points to 53.6. Nine industries reported increased employment, while four reported decreased employment. 

The New Orders Index fell 5.4 points to 55.1. Thirteen industries reported increased business activity and one industry reported decreased activity.

Supplier deliveries slowed for the 19th consecutive month, as the index registered 51.0 points (readings above 50 for this index indicate slower deliveries). Seven industries reported slower deliveries, while five reported faster deliveries.

Read the ISM release.
Visit Banks and the Economy.

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