• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Money Profit News
No Result
View All Result
Home Breaking News

ISM(R) Services Index Increased to 66.7% in October

Money Profit News by Money Profit News
November 4, 2021
in Breaking News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

U.S. court rejects J&J bankruptcy strategy for tens of thousands of talc lawsuits

U.S. FAA adopts new safeguards after computer outage halted flights

Stocks making the biggest moves midday: Carvana, Colgate-Palmolive, Tesla and more

Credit Suisse sees Apple beating the Street this week for a couple reasons

by Calculated Risk on 11/03/2021 10:05:00 AM

(Posted with permission). The October ISM(R) Services index was at 66.79%, up from 61.9% last month. The employment index decreased to 51.6%, from 53.0%. Note: Above 50 indicates expansion, below 50 contraction.

From the Institute for Supply Management: Services PMI(R) at 66.7%

October 2021 Services ISM(R) Report On Business(R)

Economic activity in the services sector grew in October for the 17th month in a row — with the rate of expansion setting a record for the fourth time in 2021 — say the nation’s purchasing and supply executives in the latest Services ISM(R) Report On Business(R).

The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management(R) (ISM(R)) Services Business Survey Committee: “In October, the Services PMI(R) registered another all-time high of 66.7 percent, 4.8 percentage points above September’s reading of 61.9 percent. This figure exceeds the former all-time high of 64.1 percent in July; previous records were set in May (64 percent) and March (63.7 percent). The data quickly explains the elevated Services PMI(R) reading, as two of the four equally weighted subindexes that directly factor into the composite index set all-time highs: The Business Activity Index reached 69.8 percent, an increase of 7.5 percentage points compared to the reading of 62.3 percent in September, and the New Orders Index hit 69.7 percent, up 6.2 percentage points from last month’s figure of 63.5 percent. (The other two subindexes are Employment and Supplier Deliveries, both also in expansion territory in October.)

emphasis added

This was above the consensus forecast, however the employment index decreased to 51.6%, from 53.0% the previous month.

Next Post

7 Types of Stocks Every Investor Needs in Their Portfolio

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

U.S. FAA adopts new safeguards after computer outage halted flights

by Money Profit News
January 30, 2023
0

American Airlines passengers wait to check into their flights at Hartsfield-Jackson Atlanta International Airport after the Federal Aviation Administration (FAA)...

Read more

U.S. FAA adopts new safeguards after computer outage halted flights

U.S. court rejects J&J bankruptcy strategy for tens of thousands of talc lawsuits

Credit Suisse sees Apple beating the Street this week for a couple reasons

Stocks making the biggest moves midday: Carvana, Colgate-Palmolive, Tesla and more

Ford and General Motors enter a new phase of uncertainty on prices and demand

Billionaire Gautam Adani Calls on India for Help to Save His Empire

Load More

All rights reserved by www.moneyprofitnews.com

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

moneyprofitnews