Menu
Share
Share this story
Close X
 
Switch to Desktop Site

Non-manufacturing business index flat, but industry optimistic

(Read article summary)
View video

SoldAtTheTop

(Read caption) This chart shows the ISM Non-Manufacturing Business Activity Index, with percent change and index value measured over the past six years. At 55.6 the business activity index increased 1.83% since April climbing 2.02% above the level seen a year earlier.

View photo

Today, the Institute for Supply Management released their latest Non-Manufacturing Report on Business indicating that service related business activity went flat in May with the business activity component increasing while the overall non-manufacturing index improved just slightly to 53.7 from 53.5 in April.

At 55.6 the business activity index increased 1.83% since April climbing 2.02% above the level seen a year earlier.

About these ads

This month, service industry respondents are sounding slightly mixed with more positive expectations than earlier in the year and still reasonably optimistic for economic activity in 2012:

"Q2 will be a strong quarter for us; the building market is starting to wake up." (Construction)

"Increased activity and resources related to projects." (Finance & Insurance)

"The upswing in consumer confidence has led to increased business." (Arts, Entertainment & Recreation)

"While we tend to remain optimistic about the economy, our numbers do not show a surge in activity. It appears consumers are maintaining their 'let's wait and see' attitude." (Accommodation & Food Services)

"Business outlook is flat for the remainder of 2012 with emphasis on cost containment, restructuring and cost-savings projects." (Professional, Scientific & Technical Services)

"Business is still strong, but we have seen some softening in growth since mid-March." (Wholesale Trade)


Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.