Non-Manufacturing Index Fell in November

Tempe, AZ, December 3, 2015—The Non-Manufacturing Index registered 55.9% in November, 3.2 percentage points lower than the October reading of 59.1%, according to the Non-Manufacturing ISM Report On Business.

This represents continued growth in the non-manufacturing sector at a slower rate.

The Non-Manufacturing Business Activity Index decreased to 58.2%, which is 4.8 percentage points lower than the October reading of 63%, reflecting growth for the 76th consecutive month at a slower rate.

The New Orders Index registered 57.5%, 4.5 percentage points lower than the reading of 62% in October.

The Employment Index decreased 4.2 percentage points to 55% from the October reading of 59.2% and indicates growth for the 21st consecutive month.

The Prices Index increased 1.2 percentage points from the October reading of 49.1% to 50.3%, indicating prices increased in November after two consecutive months of decreasing.

The 12 non-manufacturing industries reporting growth in November—listed in order—are Real Estate, Rental & Leasing; Information; Retail Trade; Health Care & Social Assistance; Accommodation & Food Services; Transportation & Warehousing; Finance & Insurance; Professional, Scientific & Technical Services; Management of Companies & Support Services; Construction; Educational Services; and Public Administration.

The six industries reporting contraction in November—listed in order—are Mining; Arts, Entertainment & Recreation; Wholesale Trade; Utilities; Agriculture, Forestry, Fishing & Hunting; and Other Services.