The respondents to the ISM Non-Manufacturing Survey say:

* “Economic activity continues to decline.” (Transportation & Warehousing)
* “Continued soft sales, offset by improving profit margins.” (Accommodation & Food Services)
* “Stimulus funds have increased business activity.” (Public Administration)
* “Business downturn seems to be stabilizing somewhat.” (Information)
* “There is still downward pressure on our products; however, our sales volume is stabilizing.” (Mining)
* “The past month’s volume target and operating volumes were met. Rising concerns over the future form of healthcare reform and impact on provider organizations.” (Health Care & Social Assistance)
* “Although attendance is up, business levels remain steady. More people, fewer dollars spent — an indication that discretionary spending is limited.” (Arts, Entertainment & Recreation)

http://www.ism.ws/ISMReport/NonMfgROB.cfm?navItemNumber=12943

Related Posts:

• ISM Non-Manufacturing Index is not a happy report - slow recovery at best in some areas, still worsening in others.
• News from the UK 03/11/2010. Banks are preparing for a double dip recession.
• Companies don’t see revenue growth for at least a year: study Most companies still reluctant to pursue new market opportunities
• The double dip scenario is the most likely outcome in the 2010 economic picture.
• The economy is not limping anywhere……it is dead.

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