Non-Manufacturing Index Records Decrease in September

Tempe, AZ, November 3, 2016—The Non-Manufacturing Index registered 54.8% in October, 2.3 percentage points lower than the September reading of 57.1%, according to the latest 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 57.7%, 2.6 percentage points lower than the September reading of 60.3%, reflecting growth for the 87th consecutive month, at a slower rate in October.

The New Orders Index registered 57.7%, 2.3 percentage points lower than the reading of 60% in September.

The Employment Index decreased 4.1 percentage points in October to 53.1% from the September reading of 57.2%.

The Prices Index increased 2.6 percentage points from the September reading of 54% to 56.6%, indicating prices increased in October for the seventh consecutive month.