Updated: 06-Dec-18 10:40 ET

November ISM Non-Manufacturing Index

Updated: 06-Dec-18 10:40 ET

Highlights

• The ISM Non-Manufacturing Index rose to 60.7% in November (Briefing.com consensus 59.0%) from 60.3% in October.
• The November reading was the second-highest reading this year.

Key Factors

• The New Orders Index increased to 62.5% from 61.5%.
• The Employment Index dipped to 58.4% from 59.7%.
• The Prices Index rose to 64.3% from 61.7%.

Big Picture

• The key takeaway from the report is that the services-providing sector, which accounts for a much larger slice of economic activity than the manufacturing sector does, remains in a healthy and fairly vibrant state.
• According to the ISM, the past relationship between the Non-Manufacturing PMI and the overall economy indicates the November reading corresponds to a 4.3% increase in real GDP on an annualized basis.

Category	NOV	OCT	SEP	AUG	JUL
Non-Manufacturing ISM index	60.7	60.3	61.6	58.5	55.7
Business Activity	65.2	62.5	65.2	60.7	56.5
New Orders	62.5	61.5	61.6	60.4	57.0
Employment	58.4	59.7	62.4	56.7	56.1
Deliveries (nsa)	56.5	57.5	57.0	56.0	53.0
Inventories (nsa)	57.5	56.0	54.5	53.5	53.5
Exports (nsa)	57.5	61.0	61.0	60.5	58.0
Imports (nsa)	54.5	51.0	55.0	52.0	52.5
Prices Paid	64.3	61.7	64.2	62.8	63.4