“ISM’s Non-Manufacturing Business Activity Index in December registered 63.5 percent, an increase of 6.5 percentage points when compared to the 57 percent registered in November (see graph above). Fourteen industries reported increased business activity, and two industries reported decreased activity for the month of December. Two industries reported no change from November. Comments from respondents include: “Consumer optimism increasing” and “More end-of-year budget releases.”
The industries reporting growth of business activity in December — listed in order — are: Real Estate, Rental & Leasing; Retail Trade; Information; Professional, Scientific & Technical Services; Accommodation & Food Services; Mining; Arts, Entertainment & Recreation; Transportation & Warehousing; Management of Companies & Support Services; Utilities; Construction; Finance & Insurance; Health Care & Social Assistance; and Wholesale Trade. The industries reporting decreased business activity in December are: Public Administration and Educational Services.”
MP: The 63.5 percent reading for the ISM Non-Manufacturing Business Activity Index in December was the highest monthly level since August 2005, more than five years ago.