Non-Mfg ISM

Karim writes:

Details firm-especially new orders and employment (highest level since Oct 2007)

Nov Oct
Composite 55.0 54.3
Prices Paid 63.2 68.3
New Orders 57.7 56.7
Employment 52.7 50.9
Export orders 59.5 55.5
Imports 54.5 54.0
  • “Business remains steady; outlook for fourth quarter is good.” (Information)
  • “Trending favorable — see more activity toward additional staff and capital expenditures for 2011.” (Finance & Insurance)
  • “Business is stable. Customers are exerting a lot of pressure to lower prices.” (Agriculture, Forestry, Fishing & Hunting)
  • “Slight uptick in orders, but nothing to indicate sustainability.” (Professional, Scientific & Technical Services)
  • “This business cycle is cause for continued caution for the foreseeable future. We would like to see some settling of unemployment, retail and home sales — none of which appear to be either forthcoming or predictable. We anticipate continued uncertainty and retrenchment.” (Retail Trade)