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Thursday, July 6, 2017

ISM: Non-Manufacturing Sector Grew in June

The ISM Non-Manufacturing Index registered 57.4 points in June, 0.5 percentage point above May’s figure. This was the 90th consecutive month of growth. Sixteen non-manufacturing industries reported growth in June, while only one reported contraction. 
Growth in the Business Activity Index increased 0.1 point to 60.8. Fourteen industries reported increased business activity and one reported decreased activity. Respondents noted an increased demand for their services and general overall optimism in the economy. 

Non-manufacturing employment grew for the 40th consecutive month. The index decreased 2.0 points to 55.8. Fourteen industries reported increased employment, while two reported decreased employment. 

The New Orders Index grew 2.8 points to 60.5. Fifteen industries reported increased business activity and no industry reported decreased activity.

Supplier deliveries slowed for the 18th consecutive month, as the index registered 52.5 points (readings above 50 for this index indicate slower deliveries). Eight industries reported slower deliveries, while four reported faster deliveries. 

Read the ISM release.
Visit Banks and the Economy.

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