It is no surprise that the purchasing managers believe the service segment of the economy is expanding in January after the strong ADP data earlier this week.
Tag Archives: non-manufacturing
ISM Non-Manufacturing Survey Quixotic in December 2010
The December 2010 ISM non-manufacturing survey has crossed a boundary into meaninglessness. Employment data points to one of the key problem areas.
ISM Non-Manufacturing Survey Shows Growth in November 2010
The non-manufacturing portion of the economy should show solid growth in November if you believe the Institute For Supply Management survey results.
ISM Says Non-Manufacturing Improved in September 2010 – WRONG!
The Institute of Supply Management (ISM) says in September 2010, their non-manufacturing members believe that conditions are improving month-over-month (MoM). The ISM survey methodology lacks statistical sampling quantification so a small company’s opinion carries the same weight as a large company. This month, however, the ISM’s shotgun methodology has missed the big picture. In …
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ISM Non-Manufacturing Survey for August 2010 Says Economy Slowing
The ISM non-manufacturing survey for August 2010 indicates the economy is still growing – but at a slower rate.