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Thursday, December 2, 2021
HomeNewsEconomyISM Report on Business: NMI Service Sector Index Highest Since October 2015

ISM Report on Business: NMI Service Sector Index Highest Since October 2015

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service-sector-employee

A service sector employee sits at his desk. (Photo: REUTERS)

The Non-Manufacturing Index (NMI), a closely-watched gauge of service sector growth by the Institute for Supply Management, posted the highest reading since October 2015. The NMI came in at 57.6%, which is 1.1% higher than the 56% reading in January and representative of continued growth in the non-manufacturing sector only at a faster rate.

The 16 non-manufacturing industries reporting growth in February — listed in order — are: Utilities; Mining; Management of Companies & Support Services; Other Services; Accommodation & Food Services; Health Care & Social Assistance; Agriculture, Forestry, Fishing & Hunting; Professional, Scientific & Technical Services; Finance & Insurance; Public Administration; Educational Services; Wholesale Trade; Arts, Entertainment & Recreation; Retail Trade; Transportation & Warehousing; and Construction. The two industries reporting contraction in February are: Real Estate, Rental & Leasing; and Information.

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ISM® NON-MANUFACTURING SURVEY RESULTS AT A GLANCE
COMPARISON OF ISM® NON-MANUFACTURING AND ISM® MANUFACTURING SURVEYS*
FEBRUARY 2017
Non-Manufacturing Manufacturing
Index Series
Index
Feb
Series
Index
Jan
Percent
Point
Change
Direction Rate
of
Change
Trend**
(Months)
Series
Index
Feb
Series
Index
Jan
Percent
Point
Change
NMI®/PMI® 57.6 56.5 +1.1 Growing Faster 86 57.7 56.0 +1.7
Business Activity/Production 63.6 60.3 +3.3 Growing Faster 91 62.9 61.4 +1.5
New Orders 61.2 58.6 +2.6 Growing Faster 91 65.1 60.4 +4.7
Employment 55.2 54.7 +0.5 Growing Faster 36 54.2 56.1 -1.9
Supplier Deliveries 50.5 52.5 -2.0 Slowing Slower 14 54.8 53.6 +1.2
Inventories 52.0 48.0 +4.0 Growing From Contracting 1 51.5 48.5 +3.0
Prices 57.7 59.0 -1.3 Increasing Slower 11 68.0 69.0 -1.0
Backlog of Orders 54.0 50.0 +4.0 Growing From Unchanged 1 57.0 49.5 +7.5
New Export Orders 57.0 48.0 +9.0 Growing From Contracting 1 55.0 54.5 +0.5
Imports 51.0 54.0 -3.0 Growing Slower 2 54.0 50.0 +4.0
Inventory Sentiment 64.5 62.0 +2.5 Too High Faster 237 N/A N/A N/A
Customers’ Inventories N/A N/A N/A N/A N/A N/A 47.5 48.5 -1.0
Overall Economy Growing Faster 91
Non-Manufacturing Sector Growing Faster 86

* 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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