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Economy

Economic Data (USA)

Wednesday, May 03, 2017

ISM Non-Manufacturing Index (NMI®) for April 2017

Earlier today, the Institute for Supply Management (ISM®) released their Non-Manufacturing Index (NMI®) for April 2017:

Predicted: 55.8%
Actual: 57.5%

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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).

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The previous month's NMI reading was 55.2%.

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Here's a sampling of comments from survey participants:

  •     "Business level increasing. More project inquiries are being received."
     (Construction)

  •     "Beginning of Q2, business is profitable, maybe a bit slower than anticipated. Opportunity still positive."
     (Finance and Insurance)

  •     "Stable activity. Waiting on health care reform and its impact on our organization."
     (Health Care and Social Assistance)

  •     "Ongoing rain in Northern California is degrading the quality and increasing the prices of some vegetables, such as iceberg lettuce, broccoli, napa cabbage, and some varieties of romaine."
     (Accommodation and Food Services)

  •     "[Overall] positive outlook for Q2, Q3, and Q4 [in] 2017."
     (Retail Trade)

  •     "Optimistic business outlook, but cautious in light of [the] geopolitical instability with North Korea."
     (Management of Companies and Support Services)

  •     "First three months of 2017, sales have exceeded each of [the first] three months of 2016."
     (Wholesale Trade)

Click here to view the complete ISM report


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