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Tag Archives: ISM non-manufacturing
April 2013 ISM Services Index Not Painting a Picture of Healthy Growth
Written by Steven Hansen The April 2013 ISM non-manufacturing (aka services) index continues its 2+ year growth cycle, but declined from 54.4 to 53.1 (above 50 signals expansion). This was below the range of market forecasts of 53.9 to 54.0. … Continue reading
March 2013 ISM Services Index Decline May Be Just Noise
Written by Steven Hansen The March 2013 ISM non-manufacturing (aka services) index continues its 2+ year growth cycle, but declined from 56.0 to 54.4 (above 50 signals expansion). This was below the range of market forecasts of 55.0 to 55.5. … Continue reading
February 2013 ISM Services Index At 12 Month High
Written by Steven Hansen The February 2013 ISM non-manufacturing (aka services) index continues its 2+ year growth cycle, and is now at a 12 month high. The index advanced from 55.2 to 56.0 (above 50 signals expansion). This was within … Continue reading
ISM Services Index Expands, But Softens in January 2013
Written by Steven Hansen The January 2013 ISM non-manufacturing (aka services) index continues its 2+ year growth cycle, but softened somewhat from 55.7 to 55.2 (above 50 signals expansion). This was below the market forecast of 55.5 to 55.6 which … Continue reading
ISM Services Index Comes In Well Above Expectations in December 2012
Written by Steven Hansen The December 2012 ISM non-manufacturing (aka services) index continues its 2+ year growth cycle, and improved from 54.7 to 56.1 (above 50 signals expansion). This was much better than the market forecast of 53.5 which was … Continue reading
ISM Services Index Moderately Strengthens in November 2012
Written by Steven Hansen The November 2012 ISM non-manufacturing (aka services) index continues its 2+ year growth cycle, and improved moderately from 54.2 to 54.7 (above 50 signals expansion). This was much better than the market forecast of 53.0 to … Continue reading
ISM Services Index Is Softer in October 2012
Written by Steven Hansen The October 2012 ISM non-manufacturing (aka services) index continues its 2+ year growth cycle, but declined moderately from 55.1 to 54.2 (above 50 signals expansion). This was slightly below the market forecast of 54.5 to 55.0. … Continue reading
September 2012 ISM Services Index Improves Moderately
Written by Steven Hansen The September 2012 ISM non-manufacturing index continues its 2+ year growth cycle, and rose moderately from 53.7 to 55.1 (above 50 signals expansion). This was well above the market forecast of 52.0 to 53.0. The economically … Continue reading
August 2012 ISM Services Index Continues to Show Expanding Economy
Written by Steven Hansen The August 2012 ISM non-manufacturing index continues its 2+ year growth cycle, and rose marginally from 52.6 to 53.7 (above 50 signals expansion). This was above the market forecast of 51.0 to 52.4. The economically intuitive … Continue reading
July 2012 ISM Services Index Strong Improvement, Suggests Expansion
Written by Steven Hansen The July 2012 ISM non-manufacturing index continues its 2+ year growth cycle, and rose marginally from 52.1 to 52.6 (above 50 signals expansion). This was below the market forecast of 52.0 to 52.3. The economically intuitive … Continue reading
June 2012 ISM Services Index, Important Components Decline
Written by Steven Hansen The June 2012 ISM non-manufacturing index continues its 2+ year growth cycle, but fell moderately from 53.7 to 52.1 (above 50 signals expansion). This was below the market forecast of 53.0. The economically intuitive components of … Continue reading
May 2012 ISM Services Index Improves, Above Expectations
Written by Steven Hansen The May 2012 ISM non-manufacturing index continues its 2+ year growth cycle, rising marginally from 53.5 to 53.7 (above 50 signals expansion). The index value was above market estimates which ranged from 52.0 to 53.1. The … Continue reading
April 2012 ISM Services: Less Good but Still Indicating Growth
Written by Steven Hansen The April 2012 ISM non-manufacturing index continues its 2+ year growth cycle, but fell from 56.0 to 53.5 (above 50 signals expansion). The number was below market estimates which ranged from 55.5 to 56.5. The most … Continue reading
March 2012 ISM Services Index Down, Has Bipolar Tendencies
Written by Steven Hansen The March 2012 ISM non-manufacturing index continues a strong growth cycle falling from 57.3 to 56.0 (above 50 signals expansion). The number was at the low end of market estimates ranging from 56.0 to 56.7. The … Continue reading
ISM Non-Manufacturing Shows an Improving Economy February 2012
Written by Steven Hansen The February 2012 ISM non-manufacturing index continues a strong grow cycle rising from 56.8 to 57.3 (above 50 signals expansion). The number was above market estimates ranging from 56.0 to 57.0. The most important elements of … Continue reading
January 2012 ISM Non-Manufacturing Results Unexpectedly Strong
The January 2012 ISM non-manufacturing index blew the doors off of pundits expectations rising from 53.0 to 56.8 (above 50 signals expansion) – with the market expecting 53.0 to 53.1. The most important elements of this survey remain clearly in … Continue reading
December 2011 ISM Non-Manufacturing Index Improves Modestly
The ISM non-manufacturing index bounced up slightly in December to 52.6 but only relative to November – September 2011 was 53.0, October was a little lower at 52.9, and November was lower still at 52.0. Above 50, business is expanding. … Continue reading
Key Elements of ISM Non-Manufacturing Survey Improve in November 2011
The ISM non-manufacturing index seems to be eroding – September 2011 was 53.0, October was a little lower at 52.9, and now November is lower still at 52.0. Above 50, business is expanding. Please see caveats at the end of … Continue reading
October 2011 ISM Non-Manufacturing Survey Is Not Recessionary but Still Not Pretty
The ISM non-manufacturing index fell slightly from 53.0 to 52.9 in October 2011. Above 50, business is expanding. Please see caveats at the end of this post on use of the data in this survey. There are two sub-indexes in … Continue reading
ISM Non-Manufacturing Has An Improving Recession Datapoint in September 2011
I have hit upon a portion of the ISM non-manufacturing index which has correctly indicated the last two recessions – and has only one false indication. Continue reading
