Wednesday, January 05, 2011

ISM Business Activity Index for Services Expands for 13th Straight Month to Highest Level Since 2005


"ISM's Non-Manufacturing Business Activity Index in December registered 63.5 percent, an increase of 6.5 percentage points when compared to the 57 percent registered in November (see graph above). Fourteen industries reported increased business activity, and two industries reported decreased activity for the month of December. Two industries reported no change from November. Comments from respondents include: "Consumer optimism increasing" and "More end-of-year budget releases."

The industries reporting growth of business activity in December — listed in order — are: Real Estate, Rental & Leasing; Retail Trade; Information; Professional, Scientific & Technical Services; Accommodation & Food Services; Mining; Arts, Entertainment & Recreation; Transportation & Warehousing; Management of Companies & Support Services; Utilities; Construction; Finance & Insurance; Health Care & Social Assistance; and Wholesale Trade. The industries reporting decreased business activity in December are: Public Administration and Educational Services."

MP: The 63.5 percent reading for the ISM Non-Manufacturing Business Activity Index in December was the highest monthly level since August 2005, more than five years ago. 

2 Comments:

At 1/05/2011 11:37 AM, Blogger Realist Theorist said...

The ISM Non-manufacturing index was UP: 57.1%, up from 55.0%.
The ISM employment index was DOWN: 50.5%, down from 52.7%.

Objectively, we should highlight one and ignore the other?

 
At 1/05/2011 5:01 PM, Blogger VangelV said...

The industries reporting growth of business activity in December — listed in order — are: Real Estate,...

Real Estate? Tells us what we have to know. This is a fake recovery that has little hope of lasting.

 

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