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



Economy

Economic Data (USA)

Monday, December 05, 2016

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

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

Predicted: 55.5%
Actual: 57.2%

==========

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).

The previous month's non-manufacturing NMI reading was 54.8%.

Here's a sampling of comments from survey participants:

  •     "We had almost [a] 9 percent jump month-over-month on active, secured projects in our variable side of business. We also acquired new customers in [the] past two months."
    (Construction)
     
  •     "Looking to close out Q4 with no significant changes positive or negative. Profits overall have been above projections."
    (Finance and Insurance)
     
  •     "Our health plan business still continues to struggle with rising costs under Obamacare, which is causing the whole company to experience cost pressures."
    (Health Care and Social Assistance)
  •     "Current business conditions continue to be depressed more than desired; although, there appears to be slight improvement. As our business is primarily driven by the oil & gas market, we follow the price of oil fairly close."
    (Mining)
     
  •     "Outlook for Q1 2017 is looking favorable with Q4 2016 ending as projected, perhaps slightly lower."
    (Professional, Scientific and Technical Services)
     
  •     "Increased sales for [the] holidays."
    (Retail Trade)
     
  •     "After the beginning of the fiscal year's flurry of orders, things have tapered off."
    (Public Administration)
Click here to view the complete ISM report


Labels: , , ,


>  SITEMAP  <

Links to this post:

Create a Link

<< Home


www.FedPrimeRate.com
Entire Website © 2017 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.