ISM Non-Manufacturing PMI increased to 55.3

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Wednesday, Sep 06 2017

ISM Non-Manufacturing PMI increased to 55.3

Economic activity in the non-manufacturing sector grew in August for the 92nd consecutive month, say the nation’smpurchasing and supply executives in the latest NonManufacturing ISM® Report On Business®. The NMI® registered 55.3 percent. This represents continued growth in the non-manufacturing sector at a faster rate. The NonManufacturing Business Activity Index increased to 57.5 percent, 1.6 percentage points higher than the July reading of 55.9 percent, reflecting growth for the 97th consecutive month, at a faster rate in August.

The New Orders Index registered 57.1 percent, 2 percentage points higher than the reading of 55.1 percent in July. The Employment Index increased 2.6 percentage points in August to 56.2 percent from the July reading of 53.6 percent. The Prices Index increased 2.2 percentage points from the July reading of 55.7 percent to 57.9 percent, indicating prices increased in August for the third consecutive month. The nonmanufacturing sector has rebounded from the prior month’s cooling-off period. The majority of respondents are optimistic about business conditions going forward.

More in this category: « US Trade Balance deficit rose to $43.7 billion Australian Retail Sales unchanged in July »

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