ISM Non-Manufacturing Index is not a happy report - slow recovery at best in some areas, still worsening in others.
By Daniel at 4 November, 2009, 12:30 pm
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From the report:
“The nine industries reporting growth in October based on the NMI composite index — listed in order — are: Real Estate, Rental & Leasing; Management of Companies & Support Services; Construction; Utilities; Retail Trade; Educational Services; Health Care & Social Assistance; Professional, Scientific & Technical Services; and Wholesale Trade.”
“The seven industries reporting contraction in October — listed in order — are: Arts, Entertainment & Recreation; Other Services; Accommodation & Food Services; Transportation & Warehousing; Public Administration; Finance & Insurance; and Information.”
“WHAT RESPONDENTS ARE SAYING …
* “General economic tone is still ‘wait and see.’ Capital outlays are postponed for durable goods.” (Health Care & Social Assistance)
* “Cost-cutting efforts continue.” (Transportation & Warehousing)
* “Overall business activity increasing — forecast even better market conditions in the coming months.” (Construction)
* “Business climate remains encouraging, but recovery will remain slow in rebounding.” (Professional, Scientific & Technical Services)
* “The weakening U.S. dollar contributing to upward pressure on commodity prices.” (Wholesale Trade)
[Why can't MW give us a good tab system?]
From Non-Manufacturing Table Breakout:
Index Oct - Index Sept. % Point Change - Trend - Rate of Change - Trend (Months)
Employment 41.1 44.3 -3.2 Contracting Faster 18
Inventories 43.0 47.5 -4.5 Contracting Faster 14
Imports 46.0 51.5 -5.5 Contracting From Growing 1
Prices 53.0 48.8 +4.2 Increasing From Decreasing 1
http://www.ism.ws/ISMReport/NonMfgROB.cfm
- Wile-E-Coyote
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