Non-Mfg ISM

With a federal budget deficit still as large as it is, not all that much of a surprise.

Karim writes:

Nice upside surprise:

  • Orders and employment both up on the month; export orders up sharply (but not seasonally adjusted)

Sept Aug
Composite 53.2 51.5
Activity 52.8 54.4
Prices Paid 60.1 60.3
New Orders 54.9 52.4
Employment 50.2 48.2
Export orders 58.0 46.5
Imports 53.0 50.5
  • “General state of the business has not changed in the last three months. The market is still soft for new sales due to financing requirements.” (Construction)
  • “Business seems to be flat from last month.” (Finance & Insurance)
  • “Signs that the economy may be improving, but our sector is still flat or declining.” (Professional, Scientific & Technical Services)
  • “Business activity is generally stable — slightly better than last year.” (Accommodation & Food Services)
  • “Third quarter is looking profitable with improving confidence and expectations in the economy. Capital expenditures are being approved.” (Wholesale Trade)