Updated: 05-Oct-21 10:20 ET

September ISM Non-Manufacturing Index

Updated: 05-Oct-21 10:20 ET

Highlights

• The ISM Non-Manufacturing Index for September increased to 61.9% (Briefing.com consensus 60.0%) from 61.7% in August. The dividing line between expansion and contraction is 50.0%.
• The September reading marks the sixteenth straight month of growth for the services sector.

Key Factors

• The New Orders Index edged up to 63.5% from 63.2%.
• The Production Index increased to 62.3% from 60.1%.
• The Prices Index rose to 77.5% from 75.4%.
• The Employment Index dipped to 53.0% from 53.7%.
• The Supplier Deliveries Index decreased to 68.8% from 69.6%.
• The Backlog of Orders Index jumped to 61.9% from 61.3%.

Big Picture

• The key takeaway from the report is the understanding that services sector activity is still running strong in spite of a broad-based industry acknowledgment that services activity is being constrained by labor shortages, logistics problems, and difficulty in obtaining supplies.

Category	SEP	AUG	JUL	JUN	MAY
Non-Manufacturing ISM index	61.9	61.7	64.1	60.1	64.0
Business Activity	62.3	60.1	67.0	60.4	66.2
New Orders	63.5	63.2	63.7	62.1	63.9
Employment	53.0	53.7	53.8	49.3	55.3
Deliveries (nsa)	68.8	69.6	72.0	68.5	70.4
Inventories (nsa)	46.1	46.9	49.2	49.9	51.5
Exports (nsa)	59.5	60.6	65.8	50.7	60.0
Imports (nsa)	47.7	48.7	51.6	58.2	50.4
Prices Paid	77.5	75.4	82.3	79.5	80.6