Daily News

View All News

Non-Manufacturing Activity Highest Since March

January 04 2013

Economic activity in the U.S. non-manufacturing sector increased in December at a faster pace than in November and beat expectations. The Institute for Supply Management’s non-manufacturing business activity index rose to a reading of 56.1 in December — the highest reading since March.

Reuters reported that economists had expected it to only grow to a reading of 54.2 from November’s reading of 54.7.

The employment portion of the index also jumped, rising to a reading of 56.3 in December from a reading of 50.3 in November.

Readings above 50 indicate growth.

Comments

Add New Comment

Post comment

NOTE: Links will not be clickable.
Security text:*