Wednesday, January 05, 2011

ISM Non-Manufacturing Report on Business: December 2010

Today, the Institute for Supply Management released their latest Non-Manufacturing Report on Business indicating that service related economic activity continued to expand notably throughout December.

At 63.5 the business activity index strengthened from November climbing 19.36% above the level seen a year earlier.

It’s important to note though that only 2 of the 11 indicators cited in the report showed slowing growth since November while the "supplier deliveries" and “backlog of order” components actually contracted.