Dagens data for ISM Service overraskende positivt på den overordnede score, som landende på 60 mod forventet 58.
Til gengæld dykkede den fremadrettede delindikator for nye ordrer markant, fra 63,4 til 56,7 – hvor 50 er den neutrale værdi
Fra ISM:
The Non-Manufacturing Business Activity Index decreased to 60.2 percent, which is 3.7 percentage points lower than the August reading of 63.9 percent, reflecting growth for the 74th consecutive month at a slower rate.
The New Orders Index registered 56.7 percent, 6.7 percentage points lower than the reading of 63.4 percent in August. The Employment Index increased 2.3 percentage points to 58.3 percent from the August reading of 56 percent and indicates growth for the 19th consecutive month. The Prices Index decreased 2.4 percentage points from the August reading of 50.8 percent to 48.4 percent, indicating prices decreased in September for the first time since February of this year.
According to the NMI®, 13 non-manufacturing industries reported growth in September. There has been a cooling off in the rate of growth during the month of September. Also, the trend of lower costs and little pricing power continues as reflected in the contraction of the pricing index. Overall, respondents continue to remain positive about current business conditions.”
INDUSTRY PERFORMANCE
The 13 non-manufacturing industries reporting growth in September — listed in order — are: Educational Services; Construction; Finance & Insurance; Health Care & Social Assistance; Utilities; Wholesale Trade; Real Estate, Rental & Leasing; Professional, Scientific & Technical Services; Management of Companies & Support Services; Accommodation & Food Services; Information; Public Administration; and Transportation & Warehousing. The four industries reporting contraction in September are: Mining; Arts, Entertainment & Recreation; Retail Trade; and Other Services.
WHAT RESPONDENTS ARE SAYING …
- “Continued egg pressure from avian flu.” (Accommodation & Food Services)
- “The turmoil in Europe has not affected our business.” (Information)
- “Outlook improving, economic conditions stabilizing.” (Educational Services)
- “Recent economic turmoil has caused sales to drop. We feel that this will be only temporary if the stock market returns to normal.” (Retail Trade)
- “Continued concerns about the market impacting customer confidence and amount of orders.” (Wholesale Trade)
- “Budget approval this month. Several capital projects expected to be funded.” (Public Administration)
- “Depressed commodity pricing and government driven restrictions on the fossil fuel energy sector have, and will continue into the foreseeable future, negatively affected the current energy business condition.” (Mining)
- “Our business remains strong and growing.” (Health Care & Social Assistance)
| ISM® NON-MANUFACTURING SURVEY RESULTS AT A GLANCE COMPARISON OF ISM® NON-MANUFACTURING AND ISM® MANUFACTURING SURVEYS* SEPTEMBER 2015 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Non-Manufacturing | Manufacturing | ||||||||
| Index | Series Index Sep | Series Index Aug | Percent Point Change | Direction | Rate of Change | Trend** (Months) | Series Index Sep | Series Index Aug | Percent Point Change |
| NMI®/PMI® | 56.9 | 59.0 | -2.1 | Growing | Slower | 68 | 50.2 | 51.1 | -0.9 |
| Business Activity/Production | 60.2 | 63.9 | -3.7 | Growing | Slower | 74 | 51.8 | 53.6 | -1.8 |
| New Orders | 56.7 | 63.4 | -6.7 | Growing | Slower | 74 | 50.1 | 51.7 | -1.6 |
| Employment | 58.3 | 56.0 | +2.3 | Growing | Faster | 19 | 50.5 | 51.2 | -0.7 |
| Supplier Deliveries | 52.5 | 52.5 | 0.0 | Slowing | Same | 4 | 50.2 | 50.7 | -0.5 |
| Inventories | 51.0 | 54.5 | -3.5 | Growing | Slower | 6 | 48.5 | 48.5 | 0.0 |
| Prices | 48.4 | 50.8 | -2.4 | Decreasing | From Increasing | 1 | 38.0 | 39.0 | -1.0 |
| Backlog of Orders | 54.5 | 56.5 | -2.0 | Growing | Slower | 4 | 41.5 | 46.5 | -5.0 |
| New Export Orders | 52.5 | 52.0 | +0.5 | Growing | Faster | 5 | 46.5 | 46.5 | 0.0 |
| Imports | 53.0 | 51.5 | +1.5 | Growing | Faster | 3 | 50.5 | 51.5 | -1.0 |
| Inventory Sentiment | 65.0 | 69.0 | -4.0 | Too High | Slower | 220 | N/A | N/A | N/A |
| Customers’ Inventories | N/A | N/A | N/A | N/A | N/A | N/A | 54.5 | 53.0 | +1.5 |
| Overall Economy | Growing | Slower | 74 | ||||||
| Non-Manufacturing Sector | Growing | Slower | 68 | ||||||
* Non-Manufacturing ISM® Report On Business® data is seasonally adjusted for Business Activity, New Orders, Prices and Employment Indexes. Manufacturing ISM® Report On Business® data is seasonally adjusted for New Orders, Production, Employment and Supplier Deliveries.
** Number of months moving in current direction.
COMMODITIES REPORTED UP/DOWN IN PRICE, AND IN SHORT SUPPLY
Commodities Up in Price
Butter; Eggs (5); Labor (5); and Lettuce.
Commodities Down in Price
Beef Products; Copper Wire; #1 Diesel Fuel (2); #2 Diesel Fuel; Fuel (2); Gasoline (3); Soy Oil; Stainless Steel Products; and Steel Products.
Commodities in Short Supply
Construction Labor; Eggs (4); Lettuce; Nuts; and Pharmaceuticals.
Note: The number of consecutive months the commodity is listed is indicated after e
