Written by Steven Hansen The January 2014 ISM non-manufacturing (aka services) index continues its growth cycle, and strengthened marginally from 53.0 to 54.0 (above 50 signals expansion). Important internals also strengthened – but note that last month’s internals were revised … Continue reading →
Written by Steven Hansen The ISM Manufacturing survey for January 2014 showed the expansion again declined. The New Orders sub-index which historically correlates to the economy declined and now is barely in expansion.
After the ISM’s manufacturing new orders for December showed some life last week we had reason to expect a good report from the Non Manufacturing (services) sector. It didn’t happen. Continue reading →
Written by Steven Hansen The December 2013 ISM non-manufacturing (aka services) index continues its growth cycle, but weakened from 53.9 to 53.0 (above 50 signals expansion). One important report internal crashed.