ISM non-manufacturing data dips down in September but still in good shape

Following two strong months of non-manufacturing activity in July and August, September dipped down a bit but remained in a good place, according to the Institute for Supply Management’s (ISM) Non-Manufacturing Report on Business.

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Following two strong months of non-manufacturing activity in July and August, September dipped down a bit but remained in a good place, according to the Institute for Supply Management’s (ISM) Non-Manufacturing Report on Business.

The ISM’s index to measure growth—the NMI—fell 4.2 percent from August’s 58.6, which stands as its highest recorded level ever since its January 2008 introduction. A reading above 50 represents growth. ISM said that economic activity in the non-manufacturing sector grew in September for the 45th consecutive month.

Each of the other key metrics in the report also decreased in September, with Business Activity/Production down 7.1 percent to 55.1, and New Orders off by only 0.9 percent to 59.6. Employment fell 4.3 percent to 52.7.

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About the Author

Jeff Berman, Group News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman

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Article Topics

ISM · NMI · All Topics
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