Thursday, February 03, 2011

ISM Non-Manufacturing Report on Business: January 2011

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 January.

At 64.6 the business activity index strengthened from December climbing 23.75% 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 December while the "inventories" component actually contracted.