ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
ADVERTISEMENT
Home Economy

Non-Manufacturing ISM Index Continued to Grow, But at a Slower Pace

June 4, 2015
Reading Time: 1 min read

The Non-Manufacturing ISM Report on Business Index was 55.7 in May, 2.1 percentage points lower than the previous month. Index readings above 50 indicate expansion in the non-manufacturing economy. May was the 64th consecutive month of economic growth. Fifteen industries reported growth in May. The only industry reporting contraction is Mining.

The Business Activity Index was 59.5, 2.1 percentage points slower than the previous month, but still continuing the growth trend for the 70th consecutive month. Respondents attributed the growth to “business expansion and seasonal increases” and “spring season peak activity of consumer good flowing to major retailers.”

The Employment Index was 55.3, 1.4 percentage points slower than the previous month. Survey respondents cite “additional demand for services necessitated increased staffing counts” and “staffing for new client” as employment drivers in May. The only two industries reporting a reduction in employment are Mining and Educational Services.

The New Orders Index was 57.9, 1.3 percentage points slower than April, but still continuing the growth trend for the 70th consecutive month. Respondents reported the continued growth was driven by “more demand and requests for services” and “seeing new business development and new service requirements with new customers planning new and higher levels of market demands.”

The Supplier Deliveries Index declined 3.5 percentage points to 50. Seven industries reported slower deliveries and 8 reported faster deliveries.

ADVERTISEMENT
Tags: ISM non-manufacturing
ShareTweetPin

Related Posts

ABA urges FinCEN to reevaluate BOI collection burden on banks

ABA offers proposals for easing BOI reporting burden on banks

Compliance and Risk
May 27, 2025

ABA suggested FinCEN make several revisions to its beneficial ownership information rule to ease the burden of its reporting requirements, including exempting banks from the definition of “beneficial owner.”

Consumer confidence fell in March

Consumer confidence rebounds in May

Economy
May 27, 2025

The Consumer Confidence Index was 98 in May, up from 85.7 in April, the Conference Board said.

New York Fed: Public expects home prices to rise at rapid rate

Growth in home prices slowed in March

Economy
May 27, 2025

Home prices increased 3.4% in March compared to the same month a year ago, down from a 4% rise the previous month, according to the S&P CoreLogic Case-Shiller Index.

New orders for durable goods rise in March

New orders for durable goods fall in April

Economy
May 27, 2025

New orders for manufactured durable goods decreased $19.9 billion or 6.3% in April to $296.3 billion, the U.S. Census Bureau said in its most recent advance report.

OCC sees need for regulatory reform in bank merger process

Bank acquisitions announced in Massachusetts, Oklahoma

Community Banking
May 27, 2025

Hometown Financial Group to buy CFSB Bancorp. BancFirst has agreed to buy American Bank of Oklahoma.

CFPB issues decision on TILA preemption of state laws

Fed, plaintiffs seek pause in stress test lawsuit

Legal
May 26, 2025

The Federal Reserve and a coalition of bank and business associations have requested that a federal court pause litigation challenging the Fed’s stress testing framework.

NEWSBYTES

ABA offers proposals for easing BOI reporting burden on banks

May 27, 2025

Consumer confidence rebounds in May

May 27, 2025

Growth in home prices slowed in March

May 27, 2025

SPONSORED CONTENT

Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

April 25, 2025
Outsourcing: Getting to Go/No-Go

Outsourcing: Getting to Go/No-Go

April 5, 2025
Six Payments Trends Driving the Future of Transactions

Six Payments Trends Driving the Future of Transactions

March 15, 2025
AI for Banks: A Starter Guide for Community and Regional Institutions

AI for Banks: A Starter Guide for Community and Regional Institutions

March 1, 2025

PODCASTS

Podcast: Accelerating banking for quick-service restaurants

May 8, 2025

How a Georgia community bank supports government-guaranteed lending nationwide

May 1, 2025

Podcast: Quantum computing’s shakeup in payments, cybersecurity

April 24, 2025
ADVERTISEMENT

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2025 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2025 American Bankers Association. All rights reserved.