US ISM Non Manufacturing Lowest in 5 Months
The ISM Non-Manufacturing PMI index registered 55.9 percent in November of 2015, down from 59.1 percent in October, well below forecasts. It is the lowest reading since May as new orders, employment and business activity fell while prices increased.
12/3/2015 3:08:30 PM
The Non-Manufacturing Business Activity Index decreased to 58.2 percent, which is 4.8 percentage points lower than the October reading of 63 percent, reflecting growth for the 76th consecutive month at a slower rate.
The New Orders Index registered 57.5 percent, 4.5 percentage points lower than the reading of 62 percent in October.
The Employment Index decreased 4.2 percentage points to 55 percent from the October reading of 59.2 percent and indicates growth for the 21st consecutive month. T
he Prices Index increased 1.2 percentage points from the October reading of 49.1 percent to 50.3 percent, indicating prices increased in November after two consecutive months of decreasing.
The 12 non-manufacturing industries reporting growth in November are: Real Estate, Rental & Leasing; Information; Retail Trade; Health Care & Social Assistance; Accommodation & Food Services; Transportation & Warehousing; Finance & Insurance; Professional, Scientific & Technical Services; Management of Companies & Support Services; Construction; Educational Services; and Public Administration. The six industries reporting contraction in November are: Mining; Arts, Entertainment & Recreation; Wholesale Trade; Utilities; Agriculture, Forestry, Fishing & Hunting; and Other Services.