Sunday, October 7, 2012

USA Services Sector: "Continued growth at a faster rate"

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ISM: Monthly USA NMI

ISM Non-Manufacturing Index (NMI) by Month



Anthony Nieves, Chair of the Institute for Supply Management Non-Manufacturing Business Survey Committee said, "The NMI™ registered 55.1 percent in September, 1.4 percentage points higher than the 53.7 percent registered in August. This indicates continued growth this month at a faster rate in the non-manufacturing sector. The Non-Manufacturing Business Activity Index registered 59.9 percent, which is 4.3 percentage points higher than the 55.6 percent reported in August, reflecting growth for the 38th consecutive month. The New Orders Index increased by 4 percentage points to 57.7 percent. The Employment Index decreased by 2.7 percentage points to 51.1 percent, indicating growth in employment for the second consecutive month but at a slower rate. The Prices Index increased 3.8 percentage points to 68.1 percent, indicating higher month-over-month prices when compared to August. According to the NMI™, 12 non-manufacturing industries reported growth in September. Respondents' comments continue to be mixed; however, the majority indicate a slightly more positive perspective on current business conditions.".

ISM Non-Manufacturing Index (NMI) by Year



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