Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       

Blog Home
   Brian Wesbury
Chief Economist
Click for Bio
Follow Brian on Twitter Follow Brian on LinkedIn View Videos on YouTube
   Bob Stein
Deputy Chief Economist
Click for Bio
Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube
  The ISM Non-Manufacturing Index Rose to 56.1 in December
Posted Under: Data Watch • ISM Non-Manufacturing

Implications: A very solid report on the service sector today as the ISM non-manufacturing index showed expansion for the 36th consecutive month, easily beating consensus expectations, and coming in at 56.1, the highest level since February. The underlying details of the report were pretty good, too. The biggest surprise from today's report was that the employment sub-index surged in December coming in at 56.3, the best reading since March and a good sign for the economy moving forward. The sub-index for business activity – which has a stronger correlation with economic growth than the overall index – fell slightly to 60.3, but remains at a very healthy level. New orders saw an increase to 59.3, the best levels since February. On the inflation front, the prices paid index declined to 56.6, but remains elevated. Given the loose stance of monetary policy, inflation should continue to move higher over the coming years. Today's report, along with other data we have received this week, show the economy is doing just fine and will continue to plow along through 2013.
Click here for a PDF version
Posted on Friday, January 04, 2013 @ 10:35 AM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L. P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
Non-Farm Payrolls Increased 155,000 in December
Thoughts on Avoiding the Fiscal Cliff
The ISM Manufacturing Index Rose to 50.7 in December from 49.5 in November
More Growth: Thank the Entrepreneur
New Single-Family Home Sales Rose 4.4% in November, to a 377,000 Annual Rate
Greedy Innkeeper or Generous Capitalist?
Personal Income Up 0.6% in November, Personal Consumption Up 0.4%
New Orders for Durable Goods were Up 0.7% in November, Up 1.4% Including Revisions to October
The Bond Market Says the Mayans Were Wrong
Real GDP Growth in Q3 was Revised Up to a 3.1% Annual Rate vs. a Prior Estimate of 2.7%
Skip Navigation Links.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2017 All rights reserved.