The ISM Non-Manufacturing Index registered 56.9 points in May, 0.6 percentage point below April’s figure. This was the 89th consecutive month of growth. Seventeen non-manufacturing industries reported growth in May, while only one reported contraction.
Growth in the Business Activity Index decreased 1.7 points to 60.7. Sixteen industries reported increased business activity and one reported decreased activity. Respondents noted that the market continues to grow at a steady pace, and there is increased activity industry wide.
Non-manufacturing employment grew for the 39th consecutive month. The index increased 6.4 percentage points to 57.8. Fifteen industries reported increased employment, while one reported decreased employment.
The New Orders Index fell 5.5 points to 57.7. Sixteen industries reported increased business activity and one reported decreased activity.
Supplier deliveries slowed for the 17th consecutive month, as the index registered 51.5 points (readings above 50 for this index indicate slower deliveries). Seven industries reported slower deliveries, while four reported faster deliveries.
Read the ISM release.
