Home News ISM Index for U.S. service falls more than expected

ISM Index for U.S. service falls more than expected

369
0

2010-07-06_Weißes Haus_ddp WASHINGTON (Dow Jones ) – The U.S. service sector grew in June, less than expected. As the Institute for Supply Management ( ISM ) on Tuesday announced that it raised by weighted composite index fell for the business activity in the non – manufacturing in the U.S. to 53.8 points. ( Reuters photo 🙂

Economists polled by Dow Jones Newswires had expected a level of 54.9 after the index had been 55.4 in the previous month . The service accounts for some 80 % of the U.S. economy.

As the ISM reported further, the sub-index fell for the activity to 58.1 (previous month : 61.1 ) and those for new orders fell to 54.4 (57.1 ). The sub-index for employment fell to 49.7 (50.4 ), the index for the delivery time has stagnated at 53.0 . The composite index is the average of the four diffusion indexes. The index for prices fell to 53.8 (60.6 ).
An index level above 50 points indicates an increase up to the individual component , a level below that mark indicates a decline. The sub-index of activity corresponds to that recorded in December 2007 ISM index for the non- manufacturing sector.

As the ISM reported further, the sub-index fell for the activity to 58.1 (previous month : 61.1 ) and those for new orders fell to 54.4 (57.1 ). The sub-index for employment fell to 49.7 (50.4 ), the index for the delivery time has stagnated at 53.0 . The composite index is the average of the four diffusion indexes. The index for prices fell to 53.8 (60.6 ).
An index level above 50 points indicates an increase up to the individual component , a level below that mark indicates a decline. The sub-index of activity corresponds to that recorded in December 2007 ISM index for the non- manufacturing sector.

Website: http://www.ism.ws
DJG / DJN / have / ISJ