Non-Manufacturing Index for January Records Growth
Tempe, AZ, March 5, 2019-The Non-Manufacturing Index (NMI) registered 59.7%, which is three percentage points higher than the January reading of 56.7%, according to the latest Non-Manufacturing ISM Report On Business. This represents continued growth in the non-manufacturing sector, at a faster rate.
The Non-Manufacturing Business Activity Index increased to 64.7%, 5 percentage points higher than the January reading of 59.7%, reflecting growth for the 115th consecutive month, at a faster rate in February.
The New Orders Index registered 65.2%, 7.5 percentage points higher than the reading of 57.7% in January.
The Employment Index decreased 2.6 percentage points in February to 55.2% from the January reading of 57.8%.
The Prices Index decreased 5 percentage points from the January reading of 59.4% to 54.4%, indicating that prices increased in February for the 21st consecutive month.
The 18 non-manufacturing industries reporting growth in February-listed in order-are transportation & warehousing; management of companies & support services; wholesale trade; mining; educational services; utilities; other services; real estate, rental & leasing; construction; health care & social assistance; professional, scientific & technical services; public administration; agriculture, forestry, fishing & hunting; finance & insurance; information; accommodation & food services; arts, entertainment & recreation; and retail trade.