Services sector expands
Posted on November 4, 2009 at 1:52 pmFrom 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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The factory sector joins housing’s upswing
Posted on September 1, 2009 at 12:25 pmEconomy watchers got a positive surprise this morning from the nation’s manufacturing sector: The Institute for Supply Management said its headline index crossed into growth territory for the first time since January of last year. New orders, production and backlogs all rose.
SEE ALSO: How those numbers are being overshadowed today by bank worries
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The good news is that the manufacturing sector is getting healthier
Posted on February 3, 2009 at 8:28 amBad news, of course, is that it’s coming up from a record low:
A private measure of the manufacturing sector’s health for January rose from a record low, but still posted the 12th straight month of contraction amid a global recession.
The Institute for Supply Management, a trade group of purchasing executives, reported Monday that its U.S. manufacturing index rose to 35.6 in January from an upwardly revised 32.9 in December. The January reading was above the 32.6 that economists surveyed by Thomson Reuters had expected.
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