The Non-manufacturing ISM index was released today. We have:
NMI is at 50.5%
Business Activity Index at 52.2%
New Orders Index at 54.7%
Employment Index at 44.6%
The NMI (Non-Manufacturing Index) registered 50.5 percent in January, 0.7 percentage point higher than the seasonally adjusted 49.8 percent registered in December, indicating growth in the non-manufacturing sector. The Non-Manufacturing Business Activity Index decreased 1 percentage point to 52.2 percent, reflecting growth for the second consecutive month. The New Orders Index increased 2.7 percentage points to 54.7 percent, and the Employment Index increased 1 percentage point to 44.6 percent. The Prices Index increased 1.6 percentage points to 61.2 percent in January, indicating an increase in prices paid from December.
The Non-Manufacturing ISM index dropped to 48.7%. This is 1.9% lower than last month an indicates a contraction in sectors that are not manufacturing. Not Good!
We have had 19 months of Employment has contracted for 19 months in a row.
New Orders Index decreased 0.5 percentage point to 55.1 percent, and the Employment Index increased 0.5 percentage point to 41.6 percent. The Prices Index increased 4.8 percentage points to 57.8 percent in November.
Here is what sectors are in this index as well as which ones contracted:
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