The ISM Non-manufacturing report for July 2011 shows the overall index decreased to 52.7%, -0.6 points lower than June's 53.3% and the same level as February 2010. This report is also referred to as the services index, or service sector index. The services sector is slowing down.
The ISM Non-manufacturing report for June 2011 is out. The overall index decreased to 53.3%, -1.3 points lower than May's 54.6%. This report is also referred to as the services index, or service sector index. By taking a look at 2011 as a whole in the graphs below, it appears the services sector is slowing down.
The ISM Non-manufacturing report for March 2011 is out. The overall index increased to 57.3%, 2.4 points lower than February's 59.7%. This report is also referred to as the services index, or service sector index.
The ISM Non-manufacturing report for December 2010 is out. The overall index increased to 57.1%, 2.1 points higher than November's 55.0%. This report is also referred to as the services index, or service sector index.
The ISM Non-manufacturing report for October 2010 is out. The overall index increased to 54.3%, 1.1 points higher than September's 53.2%. Last month's services index increased 1.7 percentage points. The ISM indexes mean anything above 50 is growth, below 50 is contraction. Notice the jump is not as high as earlier in the year.
The ISM Non-manufacturing report for September 2010 is out. The overall index increased to 53.2%, 1.7 points higher than August's 51.5%. This report is also referred to as the services index, or service sector index. While the press is all gaga over this report, once again we know why a picture is worth a thousand words, NMI is not breaking any records here for the last two years.
The ISM Non-manufacturing report for June 2010 is out. The overall index decreased to 53.8%, lower 0.7 than the the last three months 55.4%. The index is normalized to 50 for the most part. Above 50 means growth, below 50 implies economic contraction.
Employment is in contraction again, after one month of growth. New orders dropped -2.7% from last month. Below is the employment index graph, normalized to zero for the expansion/contraction 50 inflection point, followed by a graph of new orders.
The employment index is below 50, at 49.5% and decreased from last month. New orders also slowed. While still above 50, new orders decreased from last month, by -4.1%, although business activity barely budged, up 0.3%. Below is the graph, normalized to zero to show contraction, on employment from the survey, followed by a graph of new orders.
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