ISM: Non-Manufacturing Index Surged in January

The ISM Non-Manufacturing Index registered 59.9 points in January, 3.9 percentage points above December’s figure. This was the 96th consecutive month of expansion as a reading above 50 indicates growth. Fifteen non-manufacturing industries reported growth in January, while three reported contraction.

Growth in the Business Activity Index increased 2.0 points to 59.8, the 102nd consecutive month of growth. Eleven industries reported increased business activity, and seven reported decreased activity.

Non-manufacturing employment grew for the 47th consecutive month. The index increased 5.3 points to 61.6. Thirteen industries reported increased employment, while two reported decreased employment.

The New Orders Index rose 8.2 points to 52.7. Fourteen industries reported increased business activity, and four industries reported decreased activity.

Supplier deliveries slowed for the 25th consecutive month, as the index registered 55.5 points (readings above 50 for this index indicate slower deliveries). Fourteen 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.