.comment-link {margin-left:.6em;}


Economic Data (USA)

Wednesday, October 05, 2016

ISM Non-Manufacturing Index (NMI®) for September 2016

Earlier today, the Institute for Supply Management (ISM®) released their Non-Manufacturing Index (NMI®) for September 2016:

Predicted: 52.9%
Actual: 57.1%


The NMI® is a reliable barometer of the U.S. services sector; above 50% implies expansion, while a reading below 50% implies that the services sector contracted.

Service categories include: Agriculture, Forestry, Fishing + Hunting; Mining; Utilities; Construction; Wholesale Trade; Retail Trade; Transportation + Warehousing; Information; Finance + Insurance; Real Estate, Rental + Leasing; Professional, Scientific + Technical Services; Management of Companies + Support Services; Educational Services; Health Care + Social Assistance; Arts, Entertainment + Recreation; Accommodation + Food Services; Public Administration; and Other Services (services such as Equipment + Machinery Repairing; Promoting or Administering Religious Activities; Grantmaking; Advocacy; and Providing Dry-Cleaning + Laundry Services, Personal Care Services, Death Care Services, Pet Care Services, Photofinishing Services, Temporary Parking Services, and Dating Services).

Last month's non-manufacturing NMI reading was 51.4%.

Here's a sampling of comments from survey participants:

  •     "Somewhat flat month of overall pricing conditions; however, labor cost and availability remains a concern."
     (Accommodation and Food Services)
  •     "Business is showing a moderate unexpected uptick over last month. YTD business volume is moderately under forecast."
     (Management of Companies and Support Services)
  •     "Macroeconomic issues like Brexit and reduced travel from South America impact summer travel."
     (Arts, Entertainment and Recreation)

  •     "Sales ahead of plan. Net income below plan. Costs running higher than plan. In addition, continued low interest rates impact investment results."
     (Finance and Insurance)

  •     "Affordable Care Act, changes in Medicare and Medicaid causing problems across much of the healthcare and insurance industries. Acquisition helping our company, but also lost a large client that will impact our financials for the next year."
     (Health Care and Social Assistance)
  •     "Solid steady growth."
     (Professional, Scientific and Technical Services)
  •     "Business is [at] an annual high."
     (Public Administration)
  •     "Sales continue [at an] increased pace from last month."
     (Retail Trade)
  •     "We are watching the effects of the Hanjin Shipping issues with regard to cost and availability of Asian imports."
     (Wholesale Trade)

Click here to view the complete ISM report

Labels: , , ,

--> www.FedPrimeRate.com Privacy Policy <--




Entire Website © 2024 FedPrimeRate.comSM

This website is neither affiliated nor associated with The United States Federal Reserve
in any way. Information in this website is provided for educational purposes only. The owners
of this website make no warranties with respect to any and all content contained within this
website. Consult a financial professional before making important decisions related to any
investment or loan product, including, but not limited to, business loans, personal loans,
education loans, first or second mortgages, credit cards, car loans or any type of insurance.