ISM: Services Sector Growth Slows in November
The Institute for Supply Management said growth in the non-manufacturing sector slowed in November, with respondents’ comments generally indicating a positive outlook for the upcoming months.
The Institute for Supply Management said growth in the non-manufacturing sector slowed in November, with respondents’ comments generally indicating a positive outlook for the upcoming months.
The ISM’s Non-Manufacturing Index registered 54.4% in September, 4.2 percentage points lower than August’s reading of 58.6%, indicating continued growth at a slower rate.
The Institute for Supply Management said the non-manufacturing sector continued to grow at a faster rate and the manufacturing sector expanded for the third consecutive month in August.
The Institute for Supply Management said its Non-Manufacturing Index registered 56% in July, up from the 52.2% registered in June, indicating continued growth at a faster rate in the non-manufacturing sector.