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.
