ISM: Non-Manufacturing Sector Growth Stronger in November

The ISM Non-Manufacturing Index registered 60.7 points in November, 0.4 percentage point above October’s figure. This was the 106th consecutive month of expansion as a reading above 50 indicates growth. Seventeen non-manufacturing industries reported growth, while one reported a decrease. The majority of respondents remain positive about business conditions and the economy, but employment resources and tariffs are ongoing concerns.

Growth in the Business Activity Index increased 2.7 points to 65.2, the 112th consecutive month of growth. Sixteen industries reported increased business activity, while one reported decreased activity.

Non-manufacturing employment grew for the 57th consecutive month. The index decreased 1.3 points to 58.4. Fourteen industries reported increased employment, while two reported decreased employment.

The New Orders Index increased 1.0 point to 62.5. Fifteen industries reported increased business activity, while one reported decreased activity.

Supplier deliveries slowed for the 35th consecutive month, as the index registered 56.5 points (readings above 50 for this index indicate slower deliveries). Twelve industries reported slower deliveries, while one industry reported faster deliveries.

Read the ISM release.

About Jack McCabe

Jack McCabe is a research associate in the Economic Policy and Research group at the ABA.
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