ISM Services Index Decreased to 56.6% in October

The October ISM Services index was at 56.6%, down from 57.8% last month. The employment index decreased to 50.1%, from 51.8%. Note: Above 50 indicates expansion, below 50 contraction. From the Institute for Supply Management: Services PMI™ at 56.6%; October 2020 Services ISM® Report On Business® Business Activity Index at 61.2%; New Orders Index at 58.8%; Employment Index at 50.1% ; Supplier Deliveries Index at 56.2% Economic activity in the services sector grew in October for the fifth month in a row, say the nation's purchasing and supply executives in the latest Services ISM® Report On......(read more)

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