WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Web Hosting Computer Hardware Sunday, December 09, 2018 
Add Press Release News | News Feeds Feeds | Email This News Email


NMI® at 60.7%; November Non-Manufacturing ISM® Report On Business®
Thursday, December 06, 2018

Business Activity Index at 65.2%; New Orders Index at 62.5%; Employment Index at 58.4%

TEMPE, Ariz., Dec. 6, 2018 /PRNewswire/ -- Economic activity in the non-manufacturing sector grew in November for the 106th consecutive month, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM(®) Report On Business(®).

The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management(® )(ISM(®)) Non-Manufacturing Business Survey Committee: "The NMI(®) registered 60.7 percent, which is 0.4 percentage point higher than the October reading of 60.3 percent. This represents continued growth in the non-manufacturing sector, at a slightly faster rate. The Non-Manufacturing Business Activity Index increased to 65.2 percent, 2.7 percentage points higher than the October reading of 62.5 percent, reflecting growth for the 112th consecutive month, at a faster rate in November. The New Orders Index registered 62.5 percent, 1 percentage point higher than the reading of 61.5 percent in October. The Employment Index decreased 1.3 percentage points in November to 58.4 percent from the October reading of 59.7 percent. The Prices Index rose 2.6 percentage points from the October reading of 61.7 percent to 64.3 percent, indicating that prices increased in November for the 33rd consecutive month. According to the NMI(®), 17 non-manufacturing industries reported growth. The non-manufacturing sector continued to reflect strong growth in November. However, concerns persist about employment resources and the impact of tariffs. Respondents remain positive about current business conditions and the direction of the economy."

INDUSTRY PERFORMANCE

The 17 non-manufacturing industries reporting growth in November -- listed in order -- are: Educational Services; Professional, Scientific & Technical Services; Health Care & Social Assistance; Transportation & Warehousing; Construction; Wholesale Trade; Real Estate, Rental & Leasing; Management of Companies & Support Services; Information; Finance & Insurance; Retail Trade; Other Services; Mining; Accommodation & Food Services; Public Administration; Arts, Entertainment & Recreation; and Utilities. The only industry reporting a decrease in November is Agriculture, Forestry, Fishing & Hunting.

WHAT RESPONDENTS ARE SAYING

    --  "Relatively stable business conditions. Input costs are corn- and
        soy-based, so the ongoing trade dispute with China presents challenges
        and opportunities. The chief dilemmas are: When will the dispute be
        resolved, and what will the market reaction be?" (Agriculture, Forestry,
        Fishing & Hunting)
    --  "Commercial construction is strong. Employment is struggling due to lack
        of qualified talent." (Construction)
    --  "Midway through Q4, and on track for another good year. Conditions are
        favorable and look to remain so going into 2019." (Finance & Insurance)
    --  "Business is booming. Labor costs are rising." (Information)
    --  "November continues our busy season, at a higher rate than we
        anticipated. Both internal and supplier resources have had success
        gaining some ground back on backlog of orders. A large volume of orders
        is always expected this time of year, but this year, it has been busier
        than our organization and suppliers anticipated." (Management of
        Companies & Support Services)
    --  "Business continues to improve internationally, but there is a slowdown
        in domestics offshore and leveling in domestic onshore, which directly
        affects our business. There are concerns about domestic trucking and
        international flat rack availability. There is also discussion of
        implementation of trucking e-log requirements in Mexico sometime in 2019
        or 2020. That could affect our trucking providers' lead time for
        delivery-support services in the Mexican region." (Other Services)
    --  "The imposition of and threats to impose tariffs are having a negative
        effect on several capital-improvement projects in progress. The
        contractors have submitted change order requests for those items
        impacted, especially those with a steel component. The increases are not
        expected or budgeted for." (Public Administration)
    --  "The business is preparing for the later phases of tariffs by slowing
        down growth and capital investment until the future becomes clearer. We
        are starting to pull months of inventory in before the next round of
        tariffs hit, so there is a lot of activity on our logistics side."
        (Retail Trade)
    --  "We are still experiencing low service levels with transportation."
        (Wholesale Trade)

                                                     
            
              ISM(R) NON-MANUFACTURING SURVEY RESULTS AT A GLANCE

                                           
            
              COMPARISON OF ISM(R) NON-MANUFACTURING AND ISM(R) MANUFACTURING SURVEYS*

                                                                        
            
              NOVEMBER 2018





     Index                                                       
            
              Non-Manufacturing                                      Manufacturing


                   
            Series           
            Series   
            Percent                                                                                 
            Series   
           Series   
        Percent
                        Index                     Index              Point                                                                                           Index            Index          Point
                                                          Change                                           
            Rate of               
        Trend**                                                          Change
                     
            Nov              
            Oct                                                       Change                                          
            Nov      
           Oct
                                                                                
            Direction                                        
        (Months)



     
         NMI(R)/PMI(R)                               60.7                60.3                  +0.4          
            Growing            
            Faster                    106              59.3            57.7       +1.6


            Business Activity/
             Production                                 65.2                62.5                  +2.7          
            Growing            
            Faster                    112              60.6            59.9       +0.7



     
         New Orders                                  62.5                61.5                  +1.0          
            Growing            
            Faster                     94              62.1            57.4       +4.7



     
         Employment                                  58.4                59.7                  -1.3          
            Growing            
            Slower                     57              58.4            56.8       +1.6



     
         Supplier Deliveries                         56.5                57.5                  -1.0          
            Slowing            
            Slower                     35              62.5            63.8       -1.3



     
         Inventories                                 57.5                56.0                  +1.5          
            Growing            
            Faster                     10              52.9            50.7       +2.2



     
         Prices                                      64.3                61.7                  +2.6        
            Increasing           
            Faster                     33              60.7            71.6      -10.9



     
         Backlog of Orders                           55.5                53.5                  +2.0          
            Growing            
            Faster                     11              56.4            55.8       +0.6



     
         New Export Orders                           57.5                61.0                  -3.5          
            Growing            
            Slower                     22              52.2            52.2        0.0



     
         Imports                                     54.5                51.0                  +3.5          
            Growing            
            Faster                      9              53.6            54.3       -0.7



     
         Inventory Sentiment                         60.0                62.0                  -2.0         
            Too High            
            Slower                    258               N/A            N/A       N/A



     
         Customers' Inventories                       N/A                N/A                  N/A                           N/A                          N/A             N/A             41.5            43.3       -1.8




                                     
       
            Overall Economy                                                                       
       Growing                
            Faster                   111


                                   
       
         Non-Manufacturing Sector                                                                   
       Growing                
            Faster                   106

*Non-Manufacturing ISM(®) Report On Business(® )data is seasonally adjusted for the 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 Indexes.
**Number of months moving in current direction.

COMMODITIES REPORTED UP/DOWN IN PRICE, AND IN SHORT SUPPLY

Commodities Up in Price
Aluminum (8); Labor (2); Labor -- Construction; Medical Supplies; Paper (4); Steel Products (14); and Tomatoes.

Commodities Down in Price
Cheese; Fuel; Gasoline; Lumber (2); and Lumber Products.

Commodities in Short Supply
Construction Subcontractors (11); Labor (2); Labor -- Construction (32); Labor -- Temporary (3); Medical Supplies; and Trucking Services (2).

Note: The number of consecutive months the commodity is listed is indicated after each item.

NOVEMBER 2018 NON-MANUFACTURING INDEX SUMMARIES

NMI
)In November, the NMI(®) registered 60.7 percent, 0.4 percentage point higher than the 60.3 percent registered in October, indicating continued growth in the non-manufacturing sector for the 106th consecutive month. A reading above 50 percent indicates the non-manufacturing sector economy is generally expanding; below 50 percent indicates the non-manufacturing sector is generally contracting.

An NMI(® )above 49 percent, over a period of time, generally indicates an expansion of the overall economy. Therefore, the November NMI(®) indicates growth for the 111th consecutive month in the overall economy and expansion in the non-manufacturing sector for the 106th consecutive month. Nieves says, "The past relationship between the NMI(®) and the overall economy indicates that the NMI(®) for November (60.7 percent) corresponds to a 4.3-percent increase in real gross domestic product (GDP) on an annualized basis."

NMI(®) HISTORY


                 Month   NMI                                        Month NMI

                                     (R)                                      (R)

     ---                                                                      ---

        Nov 2018                    60.7                 
     May 2018           58.6

     ---

        Oct 2018                    60.3                 
     Apr 2018           56.8

     ---

        Sep 2018                    61.6                 
     Mar 2018           58.8

     ---

        Aug 2018                    58.5                 
     Feb 2018           59.5

     ---

        Jul 2018                    55.7                 
     Jan 2018           59.9

     ---

        Jun 2018                    59.1                 
     Dec 2017           56.0

     ---

                       
          Average for 12 months - 58.8

                           
              High - 61.6

                            
              Low - 55.7

                                     ---

Business Activity
ISM(®)'s Business Activity Index registered 65.2 percent in November, an increase of 2.7 percentage points from the October reading of 62.5 percent. This represents growth in business activity for the 112th consecutive month. Sixteen industries reported increased business activity. Comments from respondents include: "We are seeing increased business with existing customers" and "Capital improvement projects funded."

The 16 industries reporting growth of business activity in November -- listed in order -- are: Health Care & Social Assistance; Professional, Scientific & Technical Services; Educational Services; Real Estate, Rental & Leasing; Transportation & Warehousing; Construction; Finance & Insurance; Information; Wholesale Trade; Utilities; Public Administration; Mining; Management of Companies & Support Services; Retail Trade; Other Services; and Accommodation & Food Services. The only industry reporting a decrease in November is Agriculture, Forestry, Fishing & Hunting.


      Business Activity 
     %Higher  
     %Same   
     %Lower    
     Index



     Nov 2018                  40        49          11        65.2



     Oct 2018                  38        47          15        62.5



     Sep 2018                  40        52           8        65.2



     Aug 2018                  32        57          11        60.7

New Orders
ISM(®)'s Non-Manufacturing New Orders Index registered 62.5 percent, an increase of 1 percentage point from the October reading of 61.5 percent. New orders grew in November for the 94th consecutive month, at a faster rate compared with October. Comments from respondents include: "Commercial construction is strong" and "Existing customers are providing greater business each month as the economy continues to improve."

The 15 industries reporting growth of new orders in November -- listed in order -- are: Professional, Scientific & Technical Services; Educational Services; Real Estate, Rental & Leasing; Transportation & Warehousing; Mining; Management of Companies & Support Services; Health Care & Social Assistance; Other Services; Arts, Entertainment & Recreation; Retail Trade; Wholesale Trade; Construction; Information; Finance & Insurance; and Public Administration. The only industry reporting a decrease in November is Agriculture, Forestry, Fishing & Hunting.


      New Orders 
     %Higher  
     %Same   
     %Lower    
     Index



     Nov 2018           36        52          12        62.5



     Oct 2018           35        50          15        61.5



     Sep 2018           37        54           9        61.6



     Aug 2018           32        57          11        60.4

Employment
Employment activity in the non-manufacturing sector grew in November for the 57th consecutive month. ISM(®)'s Non-Manufacturing Employment Index registered 58.4 percent, a decrease of 1.3 percentage points from the October reading of 59.7 percent. Fourteen industries reported increased employment, and two industries reported decreased employment. Comments from respondents include: "Increased business activity has necessitated more direct employees; no change in non-direct employees" and "Ramping up for new business and filling previously vacant positions."

The 14 industries reporting an increase in employment in November -- listed in order -- are: Educational Services; Transportation & Warehousing; Professional, Scientific & Technical Services; Health Care & Social Assistance; Management of Companies & Support Services; Construction; Real Estate, Rental & Leasing; Retail Trade; Wholesale Trade; Accommodation & Food Services; Information; Finance & Insurance; Other Services; and Mining. The two industries reporting a reduction in employment in November are: Utilities; and Public Administration.



     Employment 
     %Higher  
     %Same   
     %Lower    
     Index



     Nov 2018           22        69           9        58.4



     Oct 2018           31        56          13        59.7



     Sep 2018           31        60           9        62.4



     Aug 2018           22        67          11        56.7

Supplier Deliveries
Supplier deliveries were slower in November for the 35th consecutive month. The index registered 56.5 percent, which is 1 percentage point lower than the 57.5 percent registered in October. This indicates that deliveries are slowing at a slower rate in November. A reading above 50 percent indicates slower deliveries, while a reading below 50 percent indicates faster deliveries. Comments from respondents include: "A shortage of drivers has delayed deliveries to the point where it impacts operations" and "Distributor stockouts and manufacturer back-orders."

The 12 industries reporting slower deliveries in November -- listed in order -- are: Construction; Utilities; Educational Services; Health Care & Social Assistance; Wholesale Trade; Public Administration; Information; Other Services; Transportation & Warehousing; Accommodation & Food Services; Professional, Scientific & Technical Services; and Finance & Insurance. The only industry reporting faster deliveries in November is Real Estate, Rental & Leasing.


      Supplier Deliveries 
     %Slower  
     %Same   
     %Faster   
     Index



     Nov 2018                    15        83           2        56.5



     Oct 2018                    17        81           2        57.5



     Sep 2018                    16        82           2        57.0



     Aug 2018                    16        80           4        56.0

Inventories
ISM(®)'s Non-Manufacturing Inventories Index grew in November for the 10th consecutive month, registering 57.5 percent, which is 1.5 percentage point higher than the 56 that was reported in October. Of the total respondents in November, 34 percent indicated they do not have inventories or do not measure them. Comments from respondents include: "Additional inventory, both stock and transient to support new business" and "Doing forward buys for year-end incentives."

The 11 industries reporting an increase in inventories in November -- listed in order -- are: Retail Trade; Other Services; Wholesale Trade; Management of Companies & Support Services; Agriculture, Forestry, Fishing & Hunting; Accommodation & Food Services; Utilities; Finance & Insurance; Public Administration; Transportation & Warehousing; and Health Care & Social Assistance. The three industries reporting a decrease in inventories are: Real Estate, Rental & Leasing; Construction; and Information.



     Inventories 
     %Higher  
     %Same   
     %Lower    
     Index



     Nov 2018            26        63          11        57.5



     Oct 2018            26        60          14        56.0



     Sep 2018            24        61          15        54.5



     Aug 2018            23        61          16        53.5

Prices
Prices paid by non-manufacturing organizations for materials and services increased in November for the 33rd consecutive month. ISM(®)'s Non-Manufacturing Prices Index registered 64.3 percent, 2.6 percentage points higher than the 61.7 percent reported in October. Twenty-eight percent of respondents reported higher prices, 67 percent indicated no change in prices paid, and 5 percent of respondents reported lower prices.

All 18 non-manufacturing industries reporting an increase in prices paid during the month of November, listed in the following order are: Transportation & Warehousing; Management of Companies & Support Services; Information; Agriculture, Forestry, Fishing & Hunting; Accommodation & Food Services; Wholesale Trade; Construction; Public Administration; Retail Trade; Arts, Entertainment & Recreation; Finance & Insurance; Educational Services; Real Estate, Rental & Leasing; Utilities; Mining; Health Care & Social Assistance; Other Services; and Professional, Scientific & Technical Services.



     Prices   
     %Higher  
     %Same   
     %Lower   
     Index



     Nov 2018         28        67          5        64.3



     Oct 2018         29        63          8        61.7



     Sep 2018         28        68          4        64.2



     Aug 2018         28        66          6        62.8

NOTE: Commodities reported as up in price and down in price are listed in the commodities section of this report.

Backlog of Orders
ISM(®)'s Non-Manufacturing Backlog of Orders grew in November. The index registered 55.5 percent, which is 2 percentage points higher than the 53.5 percent reported in October. Of the total respondents in November, 37 percent indicated they do not measure backlog of orders.

The 10 industries reporting an increase in order backlogs in November -- listed in order -- are: Educational Services; Real Estate, Rental & Leasing; Professional, Scientific & Technical Services; Construction; Public Administration; Transportation & Warehousing; Health Care & Social Assistance; Information; Wholesale Trade; and Management of Companies & Support Services. The two industries that reported a decrease in backlogs are: Other Services; and Finance & Insurance.


      Backlog of Orders 
     %Higher  
     %Same   
     %Lower    
     Index



     Nov 2018                  22        67          11        55.5



     Oct 2018                  19        69          12        53.5



     Sep 2018                  24        69           7        58.5



     Aug 2018                  23        67          10        56.5

New Export Orders
Orders and requests for services and other non-manufacturing activities to be provided outside of the U.S. by domestically based personnel grew for the 22nd consecutive month. The New Export Orders Index registered 57.5 percent in November which is 3.5 percentage points lower than the 61 percent that was reported in October. Of the total respondents in November, 62 percent indicated they either do not perform, or do not separately measure, orders for work outside of the U.S.

The seven industries reporting an increase in new export orders in November -- listed in order -- are: Accommodation & Food Services; Construction; Other Services; Professional, Scientific & Technical Services; Information; Transportation & Warehousing; and Health Care & Social Assistance. The only industry reporting a decrease in exports for the month of November is Management of Companies & Support Services. Nine industries reported no change in November.


      New Export Orders 
     %Higher  
     %Same   
     %Lower   
     Index



     Nov 2018                  19        77          4        57.5



     Oct 2018                  29        64          7        61.0



     Sep 2018                  25        72          3        61.0



     Aug 2018                  25        71          4        60.5

Imports
The Imports Index reading of 54.5 percent is 3.5 percentage points higher than the 51 percent reported in October. Fifty-two percent of respondents reported that they do not use, or do not track the use of, imported materials.

The six industries reporting an increase in imports for the month of November -- listed in order -- are: Management of Companies & Support Services; Wholesale Trade; Retail Trade; Accommodation & Food Services; Professional, Scientific & Technical Services; and Transportation & Warehousing. The three industries reporting a decrease in imports in the month of November are: Utilities; Construction and Information. Eight industries reported no change in November.



     Imports  
     %Higher  
     %Same   
     %Lower    
     Index



     Nov 2018         16        77           7        54.5



     Oct 2018         13        76          11        51.0



     Sep 2018         15        80           5        55.0



     Aug 2018         11        82           7        52.0

Inventory Sentiment
The ISM(®) Non-Manufacturing Inventory Sentiment Index in November registered 60 percent, which is 2 percentage points lower than the 62 percent that was reported in October. This indicates that respondents believe their inventories are still too high at this time. In November, 24 percent of respondents said their inventories were too high, 4 percent of the respondents said their inventories were too low, and 72 percent said their inventories were about right.

The 10 industries reporting a feeling that their inventories were too high in November -- listed in order -- are: Mining; Wholesale Trade; Information; Utilities; Management of Companies & Support Services; Construction; Retail Trade; Public Administration; Professional, Scientific & Technical Services; and Health Care & Social Assistance. The two industries reporting a feeling that their inventories were too low in November are: Other Services; and Transportation & Warehousing.


      Inventory Sentiment 
     %Too  
          %About    
      %Too   
     Index
                                    Right
                          
     High                    
      Low



     Nov 2018                 24               72         4        60.0



     Oct 2018                 26               72         2        62.0



     Sep 2018                 23               73         4        59.5



     Aug 2018                 23               73         4        59.5

About This Report
DO NOT CONFUSE THIS NATIONAL REPORT with the various regional purchasing reports released across the country. The national report's information reflects the entire U.S., while the regional reports contain primarily regional data from their local vicinities. Also, the information in the regional reports is not used in calculating the results of the national report. The information compiled in this report is for the month of November 2018.

The data presented herein is obtained from a survey of non-manufacturing supply executives based on information they have collected within their respective organizations. ISM(®) makes no representation, other than that stated within this release, regarding the individual company data collection procedures. The data should be compared to all other economic data sources when used in decision-making.

Data and Method of Presentation
The Non-Manufacturing ISM(®) Report On Business(®) is based on data compiled from purchasing and supply executives nationwide. Membership of the Non-Manufacturing Business Survey Committee is diversified by NAICS, based on each industry's contribution to gross domestic product (GDP). The Non-Manufacturing Business Survey Committee responses are divided into the following NAICS code categories: Agriculture, Forestry, Fishing & Hunting; Mining; Utilities; Construction; Wholesale Trade; Retail Trade; Transportation & Warehousing; Information; Finance & Insurance; Real Estate, Rental & Leasing; Professional, Scientific & Technical Services; Management of Companies & Support Services; Educational Services; Health Care & Social Assistance; Arts, Entertainment & Recreation; Accommodation & Food Services; Public Administration; and Other Services (services such as Equipment & Machinery Repairing; Promoting or Administering Religious Activities; Grantmaking; Advocacy; and Providing Dry-Cleaning & Laundry Services, Personal Care Services, Death Care Services, Pet Care Services, Photofinishing Services, Temporary Parking Services, and Dating Services).

Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (Business Activity, New Orders, Backlog of Orders, New Export Orders, Inventory Change, Inventory Sentiment, Imports, Prices, Employment and Supplier Deliveries), this report shows the percentage reporting each response and the diffusion index. Responses represent raw data and are never changed. Data is seasonally adjusted for Business Activity, New Orders, Prices and Employment. All seasonal adjustment factors are subject annually to relatively minor changes when conditions warrant them. The remaining indexes have not indicated significant seasonality.

The NMI(®) (Non-Manufacturing Index) is a composite index based on the diffusion indexes for four of the indicators with equal weights: Business Activity (seasonally adjusted), New Orders (seasonally adjusted), Employment (seasonally adjusted) and Supplier Deliveries. Diffusion indexes have the properties of leading indicators and are convenient summary measures showing the prevailing direction of change and the scope of change. An index reading above 50 percent indicates that the non-manufacturing economy is generally expanding; below 50 percent indicates that it is generally declining. Supplier Deliveries is an exception. A Supplier Deliveries Index above 50 percent indicates slower deliveries and below 50 percent indicates faster deliveries.

An NMI(® )above 49 percent, over a period of time, indicates that the overall economy, or gross domestic product (GDP), is generally expanding; below 49 percent, it is generally declining. The distance from 50 percent or 49 percent is indicative of the strength of the expansion or decline.

The Non-Manufacturing ISM(®) Report On Business(®) survey is sent out to Non-Manufacturing Business Survey Committee respondents the first part of each month. Respondents are asked to ONLY report on information for the current month. ISM(®) receives survey responses throughout most of any given month, with the majority of respondents generally waiting until late in the month to submit responses in order to give the most accurate picture of current business activity. ISM(®) then compiles the report for release on the third business day of the following month.

The industries reporting growth, as indicated in the Non-Manufacturing ISM(®) Report On Business(®) monthly report, are listed in the order of most growth to least growth. For the industries reporting contraction or decreases, those are listed in the order of the highest level of contraction/decrease to the least level of contraction/decrease.

ISM ROB Content
The Institute for Supply Management(®) ("ISM") Report On Business(®) (both Manufacturing and Non-Manufacturing) ("ISM ROB") contains information, text, files, images, video, sounds, musical works, works of authorship, applications, and any other materials or content (collectively, "Content") of ISM ("ISM ROB Content"). ISM ROB Content is protected by copyright, trademark, trade secret, and other laws, and as between you and ISM, ISM owns and retains all rights in the ISM ROB Content. ISM hereby grants you a limited, revocable, nonsublicensable license to access and display on your individual device the ISM ROB Content (excluding any software code) solely for your personal, non-commercial use. The ISM ROB Content shall also contain Content of users and other ISM licensors. Except as provided herein or as explicitly allowed in writing by ISM, you shall not copy, download, stream, capture, reproduce, duplicate, archive, upload, modify, translate, publish, broadcast, transmit, retransmit, distribute, perform, display, sell, or otherwise use any ISM ROB Content.

Except as explicitly and expressly permitted by ISM, you are strictly prohibited from creating works or materials (including, but not limited to: tables, charts, data streams, time-series variables, fonts, icons, link buttons, wallpaper, desktop themes, online postcards, montages, mashups and similar videos, greeting cards, and unlicensed merchandise) that derive from or are based on the ISM ROB Content. This prohibition applies regardless of whether the derivative works or materials are sold, bartered, or given away. You shall not either directly or through the use of any device, software, internet site, web-based service, or other means remove, alter, bypass, avoid, interfere with, or circumvent any copyright, trademark, or other proprietary notices marked on the Content or any digital rights management mechanism, device, or other content protection or access control measure associated with the Content including geo-filtering mechanisms. Without prior written authorization from ISM, you shall not build a business utilizing the Content, whether or not for profit.

You shall not create, recreate, distribute, incorporate in other work, or advertise an index of any portion of the Content unless you receive prior written authorization from ISM. Requests for permission to reproduce or distribute ISM ROB Content can be made by contacting in writing at: ISM Research, Institute for Supply Management, 309 W. Elliot Road, Suite 113, Tempe, AZ 85284-1556, or by emailing kcahill@instituteforsupplymanagement.org; subject: Content Request.

ISM shall not have any liability, duty, or obligation for or relating to the ISM ROB Content or other information contained herein, any errors, inaccuracies, omissions or delays in providing any ISM ROB Content, or for any actions taken in reliance thereon. In no event shall ISM be liable for any special, incidental, or consequential damages, arising out of the use of the ISM ROB. Report On Business(®), PMI(®), and NMI(®) are registered trademarks of Institute for Supply Management(®). Institute for Supply Management(®) and ISM(®) are registered trademarks of Institute for Supply Management, Inc.

About Institute for Supply Management(®
)
Institute for Supply Management(®) (ISM(®)) serves supply management professionals in more than 90 countries. Its 50,000 members around the world manage about US$1 trillion in corporate and government supply chain procurement annually. Founded in 1915 as the first supply management institute in the world, ISM is committed to advancing the practice of supply management to drive value and competitive advantage for its members, contributing to a prosperous and sustainable world. ISM leads the profession through the ISM Report On Business(®), its highly regarded certification programs and the ISM Mastery Model(®). This report has been issued by the association since 1931, except for a four-year interruption during World War II.

The full text version of the Non-Manufacturing ISM(®) Report On Business(®) is posted on ISM(®)'s website at www.ismrob.org on the third business day* of every month after 10:00 a.m. ET.

The next Non-Manufacturing ISM(®) Report On Business(®) featuring the December 2018 data will be released at 10:00 a.m. ET on Monday, January 7, 2019.

*Unless the New York Stock Exchange is closed.


     Contact: 
     
     Kristina Cahill


              
     
     
                  Report On Business
                  (R) Analyst


              
     
     ISM(R), ROB/Research Manager


              
     
     Tempe, Arizona


              
     
     +1 480.455.5910


              
     
     Email: 
                
                  kcahill@instituteforsupplymanagement.org

View original content to download multimedia:http://www.prnewswire.com/news-releases/nmi-at-60-7-november-non-manufacturing-ism-report-on-business-300760261.html

SOURCE Institute for Supply Management



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav Aliter Networks Jumpstarts Their New Singapore Office With Two Seasoned Salespeople Serving APAC Region | Dec 9, 2018
Nav Jared Kober: An Expert in Client Acquisition | Dec 8, 2018
Nav Latest ezPaycheck 2018-2019 Bundle Software Offers Lower Price Through December 2018 | Dec 7, 2018
Nav The Global Crypto Asset Management Market (2018-2023) is Forecast to Grow at a CAGR of 17.1% | Dec 7, 2018
Nav Disaster Recovery Service Provider, Comport, Shares 3 Reasons Why You Should Archive To The Cloud | Dec 7, 2018
Nav Audio Visual Solutions Company, IVCi, Discusses 5 AV and Collaboration Trends for 2019 | Dec 7, 2018
Nav Renewed Double-digit Sales Growth "Pushes" HARTING Technology Group Ahead | Dec 7, 2018
Nav ISR Partners with Yubico to Support New FIDO2 Passwordless Authentication Technology | Dec 7, 2018
Nav Stick to Your Holiday Budget with Help from Casio Calculators | Dec 7, 2018
Nav More Free Phones: Pulsar360, Inc. Extends "Free2Flex" Promo Through Dec. 31! | Dec 7, 2018
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News