US Services Sector Growth Slows from 2005 High


The ISM Non-Manufacturing PMI index for the United States fell to 57.4 in November of 2017 from 60.1 in October which was the highest reading since August of 2005. Figures came below market expectations of 59. Still, the reading pointed to a strong rise in the non-manufacturing sector and expectations are for continued growth for the remainder of the year.

A slowdwon was seen in business activity (61.4 from 62.2); new orders (58.7 from 62.8); employment (55.3 from 57.5); supplier deliveries (54 from 58); backlogs of orders (51.5 from 53.5) and new export orders (57 from 60). On the other hand, inventories rose faster (54.5 from 52.5) and price pressures eased (60.7 from 62.7). 

The 16 non-manufacturing industries reporting growth in November — listed in order — are: Retail Trade; Wholesale Trade; Utilities; Transportation & Warehousing; Real Estate, Rental & Leasing; Educational Services; Health Care & Social Assistance; Arts, Entertainment & Recreation; Other Services; Public Administration; Information; Finance & Insurance; Construction; Management of Companies & Support Services; Accommodation & Food Services; and Professional, Scientific & Technical Services. The only industry reporting contraction in November is Agriculture, Forestry, Fishing & Hunting.

US Services Sector Growth Slows from 2005 High


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
12/5/2017 3:09:10 PM