PhotoThe non-manufacturing, or service-providing, sector of the economy grew for the 83rd consecutive month in December.

According to the latest Non-Manufacturing Institute for Supply Management's report on business, the non-manufacturing index registered 57.2% in December, the same as November.

Fifty percent is the dividing line between expansion and contraction.

The Non-Manufacturing Business Activity Index inched down 0.3% to 61.4%, but still was a reflection of growth for the 89th consecutive month. The New Orders Index rose 4.6% to 61.6%, while the Employment Index registered 53.8%, a loss of 4.4% from November.

The Prices Index was up 0.7% to 57.0%, indicating prices increased in December for the ninth consecutive month at a slightly faster rate.

How they did

The following 12 non-manufacturing industries reported growth in December:

  1. Mining;
  2. Retail Trade;
  3. Finance & Insurance;
  4. Information;
  5. Arts, Entertainment & Recreation;
  6. Construction;
  7. Other Services;
  8. Health Care & Social Assistance;
  9. Professional, Scientific & Technical Services;
  10. Utilities;
  11. Transportation & Warehousing; and
  12. Accommodation & Food Services.

Three industries reported contraction:

  1. Public Administration;
  2. Wholesale Trade; and
  3. Agriculture, Forestry, Fishing & Hunting.

 

 


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