Posted on 12/03/2003 7:20:20 AM PST by Starwind
ISM U.S. non-manufacturing index 60.1 in Nov
Wednesday December 3, 10:09 am ET
NEW YORK, Dec 3 (Reuters) - The Institute for Supply Management (ISM) on Wednesday said its monthly non-manufacturing index, which measures the services sector of the economy, fell to 60.1 in November from 64.7 in October. A number above 50 indicates growth, while anything below 50 denotes contraction. Economists polled by Reuters had forecast a median reading of 64.3 in November. Following are the main ISM non-manufacturing index components: . Nov Oct Sept Aug July June May Bus Activity 60.1 64.7 63.3 65.1 65.1 60.6 54.5 New Orders 60.1 64.4 59.9 67.6 66.9 57.5 54.7 Backlog Orders 52.5 54.0 57.0 51.5 54.5 51.5 51.0 New Export Ords 54.5 58.0 56.0 58.5 47.5 49.5 49.0 Inventory Sent 62.0 60.0 60.5 62.0 60.0 62.0 63.0 Imports 57.5 56.0 55.0 60.0 54.0 50.5 58.5 Prices Index 58.0 58.7 60.1 55.7 50.6 51.4 49.6 Employment 54.9 52.9 49.1 51.0 50.7 50.3 48.7 Supplier Delivs 53.0 53.0 55.0 52.5 53.5 51.5 52.0 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/
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