Specific to the ISM report, new orders shrunk relatively dramatically, and employment was flattish. As with ISM Manufacturing the bright spot is a large drop in prices.
WHAT RESPONDENTS ARE SAYING ...
- "Business is still up, although some softening seen over last month." (Wholesale Trade)
- "Orders are remaining steady, and outlook for this year is positive." (Professional, Scientific & Technical Services)
- "Economic activity continues to be sluggish." (Management of Companies & Support Services)
- "Have yet to see a real spark that ignites new and invigorated business — still seems lethargic and mired in recession-related preventative moves, and no one sees a real improvement ahead." (Public Administration)
- "Commodities coming down in price, which should help stabilize inflation." (Retail Trade)
ISM NON-MANUFACTURING SURVEY RESULTS AT A GLANCE COMPARISON OF ISM NON-MANUFACTURING AND ISM MANUFACTURING SURVEYS* JUNE 2011 | |||||||||
---|---|---|---|---|---|---|---|---|---|
Non-Manufacturing | Manufacturing | ||||||||
Index | Series Index Jun | Series Index May | Percent Point Change | Direction | Rate of Change | Trend** (Months) | Series Index Jun | Series Index May | Percent Point Change |
NMI/PMI | 53.3 | 54.6 | -1.3 | Growing | Slower | 19 | 55.3 | 53.5 | +1.8 |
Business Activity/Production | 53.4 | 53.6 | -0.2 | Growing | Slower | 23 | 54.5 | 54.0 | +0.5 |
New Orders | 53.6 | 56.8 | -3.2 | Growing | Slower | 23 | 51.6 | 51.0 | +0.6 |
Employment | 54.1 | 54.0 | +0.1 | Growing | Faster | 10 | 59.9 | 58.2 | +1.7 |
Supplier Deliveries | 52.0 | 54.0 | -2.0 | Slowing | Slower | 15 | 56.3 | 55.7 | +0.6 |
Inventories | 53.5 | 55.0 | -1.5 | Growing | Slower | 5 | 54.1 | 48.7 | +5.4 |
Prices | 60.9 | 69.6 | -8.7 | Increasing | Slower | 23 | 68.0 | 76.5 | -8.5 |
Backlog of Orders | 48.5 | 55.0 | -6.5 | Contracting | From Growing | 1 | 49.0 | 50.5 | -1.5 |
New Export Orders | 57.0 | 57.0 | 0.0 | Growing | Same | 10 | 53.5 | 55.0 | -1.5 |
Imports | 46.5 | 50.5 | -4.0 | Contracting | From Growing | 1 | 51.0 | 54.5 | -3.5 |
Inventory Sentiment | 58.5 | 55.0 | +3.5 | Too High | Faster | 169 | N/A | N/A | N/A |
Customers' Inventories | N/A | N/A | N/A | N/A | N/A | N/A | 47.0 | 39.5 | +7.5 |