Services sector expands

By Kleinheider Posted on November 4, 2009 at 1:52 pm

From the Institute for Supply Management:

“The Non-Manufacturing Business Activity Index increased 0.1 percentage point to 55.2 percent. This is the third consecutive month this index has reflected growth since September 2008. The New Orders Index increased 1.4 percentage points to 55.6 percent, and the Employment Index decreased 3.2 percentage points to 41.1 percent. The Prices Index increased 4.2 percentage points to 53 percent in October, indicating an increase in prices paid from September. According to the NMI, nine non-manufacturing industries reported growth in October. Respondents’ comments remain mixed and are mostly cautious about business conditions and the overall economy.”

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Tags: business confidence, economic indicators, Institute for Supply Management  

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