The Prices Index increased substantially by 8.4 percentage points from the August reading of 57.9 percent to 66.3 percent. This is the highest reading since February 2012 when the index registered 67.6 percent. The nonmanufacturing sector has reflected strong growth in the month of September despite the impact on the supply chain from the recent hurricanes. Respondents’ comments indicate a good outlook for business conditions.
ISM Non-Manufacturing PMI grew to 59.8
Economic activity in the non-manufacturing sector grew in September for the 93rd consecutive month, say the nation’s purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business. The NMI registered 59.8 percent. This is the highest reading since August 2005 when the index registered 61.3 percent. The NonManufacturing Business Activity Index increased to 61.3 percent, 3.8 percentage points higher than the August reading of 57.5 percent. The New Orders Index registered 63 percent, 5.9 percentage points higher than the reading of 57.1 percent in August.
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