ISM U.S. non-manufacturing index 64.7 in Oct

Biz.Yahoo/Reuters ^ | November 5, 2003

[Starwind]

ISM U.S. non-manufacturing index 64.7 in Oct
Wednesday November 5, 10:06 am ET

 NEW YORK, Nov 5 (Reuters) - The Institute for Supply
Management (ISM) on Wednesday said its monthly non-manufacturing
index, which measures the services sector of the economy, rose
to 64.7 in October from 63.3 in September.
 A number above 50 indicates growth, while anything below 50
denotes contraction. Economists polled by Reuters had forecast a
median reading of 63.0 in October.
 Following are the main ISM non-manufacturing index
components:
.                Oct   Sept  Aug   July  June  May   April
Bus Activity     64.7  63.3  65.1  65.1  60.6  54.5  50.7
New Orders       64.4  59.9  67.6  66.9  57.5  54.7  50.6
Backlog Orders   54.0  57.0  51.5  54.5  51.5  51.0  46.0
New Export Ords  58.0  56.0  58.5  47.5  49.5  49.0  52.5
Inventory Sent   60.0  60.5  62.0  60.0  62.0  63.0  62.5
Imports          56.0  55.0  60.0  54.0  50.5  58.5  50.0
Prices Index     58.7  60.1  55.7  50.6  51.4  49.6  56.7
Employment       52.9  49.1  51.0  50.7  50.3  48.7  48.2
Supplier Delivs  53.0  55.0  52.5  53.5  51.5  52.0  50.5
 THE SURVEY: ISM, formerly called the National Association of
Purchasing Management, compiles its diffusion index by surveying
more than 370 purchasing executives in more than 62 different
service industries once a month.
 The responses reflect the change in the current month
compared to the previous month. The non-manufacturing ISM Report
is seasonally adjusted for business activity, new
orders, imports, and employment.
 The ISM non-manufacturing survey was launched in July
1997.
 FULL TEXT:
 For the text of the Institute for Supply Management's
Purchasing Managers Survey. It can be found on the Internet at
the following address:
 http://www.ism.ws/

[Starwind]

The full ISM non-mfg report is at OCTOBER NON-MANUFACTURING ISM REPORT ON BUSINESS

[Starwind]

Fyi...

[RiflemanSharpe]

please ping me too, thanks.

[Starwind]

If you read through the report and look at which industries reported expansion and which reported contraction, essentially Health Services; Entertainment; Utilities; Finance & Banking; grew, while Real Estate and Communication and Mining contracted.

Construction was mentioned as having increased inventory and prices, but not figuring significantly in new orders or employment.

The point being, the low-interest-rate real-estate engine is winding down too, and in the future we should see reduced demand for appliances and furniture, etc, as well as layoffs beginning in Real Estate and loan brokerage/processing.