ISM: Non-Manufacturing Sector Grew at a Slower Rate in November

The ISM Non-Manufacturing Index registered 57.4 points in November, 2.7 percentage point below October’s figure. This was the 95th consecutive month of expansion as a reading above 50 indicates growth. Sixteen non-manufacturing industries reported growth in November, while one reported contraction.

Growth in the Business Activity Index decreased 0.8 point to 61.4, the 100th consecutive month of growth. Fourteen industries reported increased business activity, and two reported decreased activity.

Non-manufacturing employment grew for the 45th consecutive month. The index decreased 2.2 points to 55.3. Eleven industries reported increased employment, while five reported decreased employment.

The New Orders Index fell 4.1 points to 58.7. Twelve industries reported increased business activity, and two industries reported decreased activity.

Supplier deliveries slowed for the 23rd consecutive month, as the index registered 54.0 points (readings above 50 for this index indicate slower deliveries). Ten industries reported slower deliveries, while one reported faster deliveries.

Read the ISM release.

About Stephen Newton

Stephen Newton is an economic research associate at ABA.
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