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Thursday, December 2, 2021
HomeNewsEconomyISM Report on Business: U.S. Service Sector Cooled in August

ISM Report on Business: U.S. Service Sector Cooled in August

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service-sector-hospital-nurse-reuters

Service sector employee, nurse at a hospital. (Photo: REUTERS)

The Non-Manufacturing ISM Report On Business, the Institute for Supply Management gauge of service-sector growth declined to 51.4 in August, down from 55.5 in July. The reading also fell short of the expectation for a reading of 55.7 Readings above 50 indicate expansion, while those below point to contraction

ISM® NON-MANUFACTURING SURVEY RESULTS AT A GLANCE
COMPARISON OF ISM® NON-MANUFACTURING AND ISM® MANUFACTURING SURVEYS*
AUGUST 2016
Non-Manufacturing Manufacturing
Index Series
Index
Aug
Series
Index
Jul
Percent
Point
Change
Direction Rate
of
Change
Trend**
(Months)
Series
Index
Aug
Series
Index
Jul
Percent
Point
Change
NMI®/PMI® 51.4 55.5 -4.1 Growing Slower 79 49.4 52.6 -3.2
Business Activity/Production 51.8 59.3 -7.5 Growing Slower 85 49.6 55.4 -5.8
New Orders 51.4 60.3 -8.9 Growing Slower 85 49.1 56.9 -7.8
Employment 50.7 51.4 -0.7 Growing Slower 3 48.3 49.4 -1.1
Supplier Deliveries 51.5 51.0 +0.5 Slowing Faster 8 50.9 51.8 -0.9
Inventories 48.0 54.0 -6.0 Contracting From Growing 1 49.0 49.5 -0.5
Prices 51.8 51.9 -0.1 Increasing Slower 5 53.0 55.0 -2.0
Backlog of Orders 49.5 51.0 -1.5 Contracting From Growing 1 45.5 48.0 -2.5
New Export Orders 46.5 55.5 -9.0 Contracting From Growing 1 52.5 52.5 0.0
Imports 50.5 53.0 -2.5 Growing Slower 7 47.0 52.0 -5.0
Inventory Sentiment 64.0 63.0 +1.0 Too High Faster 231 N/A N/A N/A
Customers’ Inventories N/A N/A N/A N/A N/A N/A 49.5 51.0 -1.5
Overall Economy Growing Slower 85
Non-Manufacturing Sector Growing Slower 79

* 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.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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