Non-Manufacturing Gain Exceeds Expectations

Jan. 13, 2005
By John S. McClenahen After a couple of months of slower rates of growth, the non-manufacturing sector of the U.S. economy accelerated in July and beat most economists' expectations in the process. The Institute for Supply Management's (ISM) business ...
ByJohn S. McClenahen After a couple of months of slower rates of growth, the non-manufacturing sector of the U.S. economy accelerated in July and beat most economists' expectations in the process. The Institute for Supply Management's (ISM) business activity index for non-manufacturing was 64.8% last month, up nearly five percentage points from June's 59.9% "Non-manufacturing business activity increased for the 16th consecutive month in July," notes Ralph G. Kauffman, chair of the non-manufacturing business survey committee for Tempe, Ariz.-based ISM and the coordinator of the purchasing and supply management program at the University of Houston-Downtown. "Also in July, new orders, order backlogs, imports, prices, exports and inventories increased, while employment was unchanged." Of the 17 sectors of non-manufacturing included in ISM's business activity index, 12 reported increased business activity in July, four were unchanged from June, and only one - entertainment -- reported decreased activity.

Popular Sponsored Recommendations

Beat the odds. Optimize product costs. Mitigate supply chain issues.

Sept. 12, 2023
Leverage fact-based supplier negotiations. Enhance design. Get to market faster. Our comprehensive Should Cost Analysis guide shows you how.

The Ultimate Ecommerce Excellence Checklist

Oct. 2, 2023
Scaling ecommerce operations is no easy task when your business is moving fast. Assess your current ecommerce maturity level and set optimization priorities with this practical...

Smarter Savings for Manufacturers - Guide

Sept. 11, 2023
Boost your manufacturing sales and revenue while reducing costs. Learn how one platform can help your business be more agile and productive in today's market.

Process Mining For Dummies

Nov. 19, 2023
Here it is. Everything you need to know about process mining in a single book, written in the easy-to-understand, hard-to-forget style that ‘For Dummies’ manages so effortlessly...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!