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:
The six industries reporting growth in November based on the NMI composite index — listed in order — are: Other Services; Health Care & Social Assistance; Construction; Finance & Insurance; Retail Trade; and Information. The 11 industries reporting contraction in November — listed in order — are: Real Estate, Rental & Leasing; Management of Companies & Support Services; Mining; Arts, Entertainment & Recreation; Public Administration; Accommodation & Food Services; Educational Services; Wholesale Trade; Transportation & Warehousing; Professional, Scientific & Technical Services; and Utilities.
| ISM NON-MANUFACTURING SURVEY RESULTS AT A GLANCE COMPARISON OF ISM NON-MANUFACTURING AND ISM MANUFACTURING SURVEYS* NOVEMBER 2009 |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
| Non-Manufacturing | Manufacturing | ||||||||
| Index | Series Index Nov. |
Series Index Oct. |
% Pt. Chg. |
Dir. | Rate of Chg. |
Trend Mon. |
Series Index Nov. |
Series Index Oct. |
% Pt. Chg. |
| NMI/PMI | 48.7 | 50.6 | -1.9 | Contract | From Grow | 1 | 53.6 | 55.7 | -2.1 |
| Bus. Activity Production |
49.6 | 55.2 | -5.6 | Contract | From Grow | 1 | 59.9 | 63.3 | -3.4 |
| New Orders | 55.1 | 55.6 | -0.5 | Grow | Slower | 3 | 60.3 | 58.5 | +1.8 |
| Employment | 41.6 | 41.1 | +0.5 | Contract | Slower | 19 | 50.8 | 53.1 | -2.3 |
| Supplier Deliveries | 48.5 | 50.5 | -2.0 | Faster | From Slowing | 1 | 55.7 | 56.9 | -1.2 |
| Inventories | 45.5 | 43.0 | +2.5 | Contract | Slower | 15 | 41.3 | 46.9 | -5.6 |
| Prices | 57.8 | 53.0 | +4.8 | Increase | Faster | 2 | 55.0 | 65.0 | -10.0 |
| Order Backlog | 48.5 | 53.5 | -5.0 | Contract | From Grow | 1 | 52.0 | 53.5 | -1.5 |
| New Export Orders | 54.5 | 53.5 | +1.0 | Grow | Faster | 2 | 56.0 | 55.5 | +0.5 |
| Imports | 46.0 | 46.0 | 0.0 | Contract | Same | 2 | 51.5 | 51.0 | +0.5 |
| Inventory Sentiment |
61.5 | 63.5 | -2.0 | Too High | Slower | 150 | N/A | ||
| Inventories | N/A | N/A | N/A | N/A | N/A | N/A | 37.0 | 38.5 | -1.5 |
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