Macro Brief: ISM Non-Manufacturing

11.4.2020

Released on 11/4/2020 @ 10:00 AM ET

Source Link: ISM October 2020 Non-Manufacturing PMI

  Prior Consensus Actual
ISM Non-Manufacturing Index 57.8 57.6 56.6

 

ISM non-manufacturing PMI remained in expansion for the fifth consecutive month in October but dipped slightly from last month's levels. The index missed consensus estimates by a point along with falling 1.2 points from September's mark.  Specifically, new orders and business activity expanded at a slower pace while employment remained in expansion for the second consecutive month but also dipped slightly from last month's levels.

16 of 18 non-manufacturing industries reported overall growth led by transportation & warehousing; construction; and accomodation & food services..  The two industries that reported a decrease during the month were public administration and arts, entertainment, & recreation.

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