The ISM Non-Manufacturing Index registered 58.5 points in August, 2.8 percentage points above July’s figure. This was the 103rd consecutive month of expansion as a reading above 50 indicates growth. Sixteen non-manufacturing industries reported growth, while one reported a decrease. The majority of respondents remain positive about business conditions and the economy, but tariffs are an ongoing concern.
Growth in the Business Activity Index increased 4.2 points to 60.7, the 109th consecutive month of growth. Fourteen industries reported increased business activity, and two reported decreased activity.
Non-manufacturing employment grew for the 54th consecutive month. The index increased 0.6 point to 56.7. Twelve industries reported increased employment, while four reported decreased employment.
The New Orders Index decreased 3.4 points to 60.4. Sixteen industries reported increased business activity, while one reported decreased activity.
Supplier deliveries slowed for the 32nd consecutive month, as the index registered 56.0 points (readings above 50 for this index indicate slower deliveries). Nine industries reported slower deliveries, while two industries reported faster deliveries.
Read the ISM release.
