A service sector employee sits at his desk. (Photo: REUTERS)
The Institute for Supply Management’s Report on Business (NMI), a gauge of service-sector growth slowed to 53.5 last month from 55.8 in December. The NMI reading was well below expectations for a much smaller decline to 55.1 and was the lowest since February 2014. Readings above 50 indicate expansion, while those below point to contraction.
The 10 non-manufacturing industries reporting growth in January — listed in order — are: Finance & Insurance; Real Estate, Rental & Leasing; Utilities; Retail Trade; Information; Construction; Agriculture, Forestry, Fishing & Hunting; Health Care & Social Assistance; Management of Companies & Support Services; and Public Administration. The eight industries reporting contraction in January — listed in order — are: Mining; Educational Services; Wholesale Trade; Other Services; Arts, Entertainment & Recreation; Accommodation & Food Services; Transportation & Warehousing; and Professional, Scientific & Technical Services.
| ISM® NON-MANUFACTURING SURVEY RESULTS AT A GLANCE COMPARISON OF ISM® NON-MANUFACTURING AND ISM® MANUFACTURING SURVEYS* JANUARY 2016 |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
| Non-Manufacturing | Manufacturing | ||||||||
| Index | Series Index Jan |
Series Index Dec |
Percent Point Change |
Direction | Rate of Change |
Trend** (Months) |
Series Index Jan |
Series Index Dec |
Percent Point Change |
| NMI®/PMI® | 53.5 | 55.8 | -2.3 | Growing | Slower | 72 | 48.2 | 48.0 | +0.2 |
| Business Activity/Production | 53.9 | 59.5 | -5.6 | Growing | Slower | 78 | 50.2 | 49.9 | +0.3 |
| New Orders | 56.5 | 58.9 | -2.4 | Growing | Slower | 78 | 51.5 | 48.8 | +2.7 |
| Employment | 52.1 | 56.3 | -4.2 | Growing | Slower | 23 | 45.9 | 48.0 | -2.1 |
| Supplier Deliveries | 51.5 | 48.5 | +3.0 | Slowing | From Faster | 1 | 50.0 | 49.8 | +0.2 |
| Inventories | 51.5 | 53.0 | -1.5 | Growing | Slower | 10 | 43.5 | 43.5 | 0.0 |
| Prices | 46.4 | 51.0 | -4.6 | Decreasing | From Increasing | 1 | 33.5 | 33.5 | 0.0 |
| Backlog of Orders | 52.0 | 50.0 | +2.0 | Growing | From Unchanged | 1 | 43.0 | 41.0 | +2.0 |
| New Export Orders | 45.5 | 53.5 | -8.0 | Contracting | From Growing | 1 | 47.0 | 51.0 | -4.0 |
| Imports | 46.0 | 49.0 | -3.0 | Contracting | Faster | 2 | 51.0 | 45.5 | +5.5 |
| Inventory Sentiment | 61.5 | 64.5 | -3.0 | Too High | Slower | 224 | N/A | N/A | N/A |
| Customers’ Inventories | N/A | N/A | N/A | N/A | N/A | N/A | 51.5 | 51.5 | 0.0 |
| Overall Economy | Growing | Slower | 78 | ||||||
| Non-Manufacturing Sector | Growing | Slower | 72 | ||||||
* Non-Manufacturing ISM® Report On Business® data is seasonally adjusted for Business Activity, New Orders, Prices and Employment Indexes. Manufacturing ISM® Report On Business® data is seasonally adjusted for New Orders, Production, Employment and Supplier Deliveries.
** Number of months moving in current direction.
Indexes reflect newly released seasonal adjustment factors.
slope game / April 11, 2024
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fnaf / September 10, 2024
Great post
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