Business Activity at 60.7%; June Non-Manufacturing ISM Report On Business(R); New Orders Index at 56.9%; Employment Index at 55%.DO NOT CONFUSE con·fuse v. con·fused, con·fus·ing, con·fus·es v.tr. 1. a. To cause to be unable to think with clarity or act with intelligence or understanding; throw off. b. THIS NATIONAL REPORT with the various regional purchasing reports released across the country. The national report's information reflects the entire United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , while the regional reports contain primarily regional data from their local vicinities. Also, the information in the regional reports is not used in calculating the results of the national report. The information compiled in this report is for the month of June June: see month. 2007. TEMPE, Ariz. -- Business activity in the non-manufacturing sector increased at a faster rate in June 2007, say the nation's purchasing and supply Purchasing and Supply can have several different definitions. According to the Institute for Supply Management (ISM) [1], purchasing is defined as a major function of an organization that is responsible for acquisition of required materials, services, and equipment. executives in the latest Non-Manufacturing ISM Report On Business The Non-Manufacturing ISM Report on Business is a purchasing survey of the United States service economy, published by the Institute for Supply Management since June 1998. Its results are a popular economic indicator and forecaster. ([R]). The report was issued today by Anthony Nieves, C.P.M., CFPM CFPM Certified Food Protection Manager CFPM Canadian Forces Provost Marshal (Head of the Military Police in Canada) CFPM Center for Policy Modeling CFPM Certified Foodservice Purchasing Manager , chair of the Institute for Supply Management[TM] Non-Manufacturing Business Survey Committee; and senior vice president -- supply management for Hilton Hotels Corporation Hilton Hotels Corporation (NYSE: HLT) is one of the leading global hospitality companies. As of April 2007 there are 2,645 hotels and 485,000 rooms employing 105,000 people in more than 80 countries. . "Non-manufacturing business activity increased for the 51st consecutive month in June," Nieves said. He added, "Business Activity and Employment increased at a faster rate in June than in May. The Business Activity Index registered 60.7 percent, the highest since April 2006 when it registered 61.1 percent. The New Orders index decreased to 56.9 percent, and the Prices Index decreased to 65.5 percent in June, both indicating growth at a slower rate than in May. Fourteen non-manufacturing industries reported increased activity in June. Members' comments in June are mostly positive about business conditions. The overall indication in June is continued economic growth in the non-manufacturing sector at a faster pace than in May." TOP PERFORMING INDUSTRIES The 14 industries reporting growth in June -- listed in order -- are: Construction; Real Estate, Rental & Leasing; Arts, Entertainment & Recreation; Other Services(d); Accommodation & Food Services food services Hospital services A 24/7 department in a hospital that provides for the nutritional needs of inpatients–eg, those needing special diets, preparing meals and transporting them to the floor and, through the cafeteria, the hospital staff and ; Finance & Insurance; Educational Services; Public Administration; Utilities; Retail Trade; Management of Companies & Support Services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services ; Information; Health Care & Social Assistance; and Wholesale Trade. There are no industries reporting decreased activity from May to June. WHAT RESPONDENTS In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. ARE SAYING ... * "Business remains steady and as predicted." (Construction) * "General business is on the rise with good rates holding through the Q2 period." (Real Estate, Rental & Leasing) * "Although business this month is better than last month, business in 2007 has been worse than business in 2006." (Retail Trade) * "In general business is stable." (Agriculture, Forestry forestry, the management of forest lands for wood, water, wildlife, forage, and recreation. Because the major economic importance of the forest lies in wood and wood products, forestry has been chiefly concerned with timber management, especially reforestation, , Fishing & Hunting) * "Fuel prices remain high with many vendors adding a fuel surcharge An overcharge or additional cost. A surcharge is an added liability imposed on something that is already due, such as a tax on tax. It also refers to the penalty a court can impose on a fiduciary for breaching a duty. ." (Professional, Scientific & Technical Services) [TABLE OMITTED] (a) Non-Manufacturing ISM Report On Business([R]) data is seasonally adjusted Seasonally adjusted Mathematically adjusted by moderating a macroeconomic indicator (e.g., oil prices/imports) so that relative comparisons can be drawn from month to month all year. for Business Activity, New Orders, Prices and Employment. Manufacturing ISM See ISM band. Report On Business([R]) data is seasonally adjusted for New Orders, Production, Employment, Supplier Deliveries and Inventories. (b) Number of months moving in current direction COMMODITIES REPORTED UP / DOWN IN PRICE, and IN SHORT SUPPLY Commodities Up in Price Building Materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . (2); Car Rentals (2); Car Service; Cheese; Contract Labor; Copper Wire; Corrugated cor·ru·gate v. cor·ru·gat·ed, cor·ru·gat·ing, cor·ru·gates v.tr. To shape into folds or parallel and alternating ridges and grooves. v.intr. ; #1 Diesel Fuel(c) (4); #2 Diesel Fuel(c) (4); Electricity; Fuel (5); Fuel Surcharges; Gasoline gasoline or petrol, light, volatile mixture of hydrocarbons for use in the internal-combustion engine and as an organic solvent, obtained primarily by fractional distillation and "cracking" of petroleum, but also obtained from natural gas, by (c) (8); Hotel Costs (13); Paper (41); Paper Products (3); Poly Bags poly bag n (BRIT) (col) → bolsa de plástico poly bag n (Brit) (inf) → sac m en plastique poly bag ( ; Postal Rates; and Roofing. Commodities Down in Price Diesel Fuel(c) and Gasoline(c). Commodities in Short Supply The only commodity reported in short supply is Construction Services/Contractors (4). (c) Reported both Up and Down in price. Note: The number of consecutive months the commodity is listed is indicated after each item. JUNE 2007 NON-MANUFACTURING INDEX SUMMARIES Business Activity ISM's Non-Manufacturing Business Activity Index The Non-Manufacturing Business Activity Index is a seasonally adjusted index released by the Institute for Supply Management measuring business activity in the United States service economy as part of the Non-Manufacturing ISM Report on Business. in June registered 60.7 percent compared to the 59.7 percent registered in May, indicating a faster rate of growth in business activity in June. The implication implication In logic, a relation that holds between two propositions when they are linked as antecedent and consequent of a true conditional proposition. Logicians distinguish two main types of implication, material and strict. is that non-manufacturing business activity is continuing to increase for the 51st consecutive month. Fourteen industries reported increased business activity, and no industry reported decreased activity for the month of June. The industries reporting growth of business activity in June are: Construction; Real Estate, Rental & Leasing; Arts, Entertainment & Recreation; Other Services(d); Accommodation & Food Services; Finance & Insurance; Educational Services; Public Administration; Utilities; Retail Trade; Management of Companies & Support Services; Information; Health Care & Social Assistance; and Wholesale Trade. [TABLE OMITTED] THE LAST 12 MONTHS [TABLE OMITTED] New Orders ISM's Non-Manufacturing New Orders Index decreased to 56.9 percent in June from the 57.4 percent registered in May. This indicates continued expansion of new orders but at a slower rate than in May. Comments from members include: "New customer programs" and "Slight seasonal increase." Industries reporting growth of new orders in June are: Real Estate, Rental & Leasing; Arts, Entertainment & Recreation; Accommodation & Food Services; Other Services(d); Retail Trade; Educational Services; Finance & Insurance; Public Administration; Management of Companies & Support Services; Utilities; and Health Care & Social Assistance. The industries reporting contraction contraction, in physics contraction, in physics: see expansion. contraction, in grammar contraction, in writing: see abbreviation. contraction - reduction of new orders in June are: Transportation & Warehousing; Construction; Professional, Scientific & Technical Services; Wholesale Trade; and Information. [TABLE OMITTED] Employment Employment activity in the non-manufacturing sector increased at a slightly faster rate in June compared to May. This was the 35th consecutive monthly increase in non-manufacturing employment. ISM's Non-Manufacturing Employment Index for June is 55 percent, a 0.1 percentage point increase from the 54.9 percent reported in May. Fourteen industries reported increased employment, two reported a decrease, and two indicated employment is unchanged from May. Comments from respondents include: "More stores"; "Continued expansion of business"; and "Still hiring to support new projects." The industries reporting growth in employment in June are: Real Estate, Rental & Leasing; Arts, Entertainment & Recreation; Transportation & Warehousing; Agriculture, Forestry, Fishing & Hunting; Retail Trade; Management of Companies & Support Services; Finance & Insurance; Utilities; Professional, Scientific & Technical Services; Accommodation & Food Services; Information; Educational Services; Wholesale Trade; and Health Care & Social Assistance. The two industries reporting a reduction in employment in June are: Mining and Public Administration. [TABLE OMITTED] Supplier Deliveries In June, the delivery performance of suppliers to non-manufacturing organizations was slower than in May. The index registered 50.5 percent, 1 percentage point higher than in May. A reading above 50 percent indicates slower deliveries. The industries reporting slowing in supplier deliveries in June are: Transportation & Warehousing; Educational Services; Public Administration; Utilities; Wholesale Trade; and Professional, Scientific & Technical Services. The industries reporting faster supplier deliveries in June are: Arts, Entertainment & Recreation; Construction; and Information. [TABLE OMITTED] Inventories ISM's Non-Manufacturing Inventories Index registered 52.5 percent in June, indicating that inventories are growing at slower rate compared to May. Inventories are expanding for the fifth consecutive month after one month of contraction in January January: see month. 2007. Of the total respondents in June, 28 percent indicated they do not have inventories or do not measure them. Comments from members include: "Reduced business levels"; "Planned constraints CONSTRAINTS - A language for solving constraints using value inference. ["CONSTRAINTS: A Language for Expressing Almost-Hierarchical Descriptions", G.J. Sussman et al, Artif Intell 14(1):1-39 (Aug 1980)]. "; and "We are working very hard to reduce our inventory position and increase our turns." The industries reporting increases in inventories in June are: Arts, Entertainment & Recreation; Retail Trade; Management of Companies & Support Services; Transportation & Warehousing; Utilities; Information; Finance & Insurance; Wholesale Trade; and Accommodation & Food Services. The industries reporting decreases in inventories in June are: Other Services(d); Professional, Scientific & Technical Services; Construction; and Health Care & Social Assistance. [TABLE OMITTED] Prices Prices paid by non-manufacturing organizations for purchased materials and services increased in June for the 49th consecutive month. ISM's Non-Manufacturing Prices Index for June is 65.5 percent, 0.9 percentage point lower than May's index of 66.4 percent. In June, the percentage of respondents reporting higher prices decreased by 6 percentage points to 35 percent as compared to May. The percentage indicating no change increased from 55 percent in May to 62 percent in June. The percentage of respondents noting lower prices decreased by 1 percent to 3 percent in June. The industries reporting an increase in prices paid in June are: Management of Companies & Support Services; Accommodation & Food Services; Real Estate, Rental & Leasing; Educational Services; Wholesale Trade; Arts, Entertainment & Recreation; Utilities; Finance & Insurance; Health Care & Social Assistance; Professional, Scientific & Technical Services; Retail Trade; Construction; and Public Administration. The one industry reporting a decrease in prices in June is Information. [TABLE OMITTED] Backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. of Orders ISM's Non-Manufacturing Backlog of Orders Index registered 46.5 percent in June, 1.5 percentage points lower than the 48 percent reported in May. Of the total respondents in June, 45 percent indicated they do not measure backlog of orders. Purchasing and supply executives' comments include: "Minimal new orders" and "Eating up backlog." The industries reporting an increase in order backlogs in June are: Transportation & Warehousing; Educational Services; Other Services(d); Information; and Public Administration. The industries reporting lower backlog of orders in June are: Management of Companies & Support Services; Construction; Agriculture, Forestry, Fishing & Hunting; Wholesale Trade; Professional, Scientific & Technical Services; and Health Care & Social Assistance. [TABLE OMITTED] New Export Orders Orders and requests for services and other non-manufacturing activities to be provided outside of the United States by domestically based personnel in June increased for the third consecutive month after a month of contraction. The New Export Orders Index for June is 59 percent, compared to May's index of 66 percent. Of the total respondents in June, 73 percent indicated they either do not perform, or do not separately measure, orders for work outside of the United States. The industries reporting an increase in new export orders in June are: Mining; Management of Companies & Support Services; Arts, Entertainment & Recreation; Agriculture, Forestry, Fishing & Hunting; Accommodation & Food Services; Finance & Insurance; and Wholesale Trade. The one industry reporting a decrease in export orders is Public Administration. [TABLE OMITTED] Imports In June, the ISM Non-Manufacturing Imports Index registered 57.5 percent, 2 percentage points higher than May's index of 55.5 percent, indicating that use of imports increased in June when compared to May. In June, 62 percent of respondents reported that they do not use, or do not track, the use of imported materials. The industries reporting an increase in the use of imports in June are: Finance & Insurance; Management of Companies & Support Services; Arts, Entertainment & Recreation; Other Services(d); Utilities; Health Care & Social Assistance; Retail Trade; and Wholesale Trade. The one industry reporting a decrease in imports for the month of June is Public Administration. [TABLE OMITTED] Inventory Sentiment Sentiment can refer to:
The ISM Non-Manufacturing Inventory Sentiment Index sentiment index A numerical guide to investor feeling toward the securities markets that is constructed to determine whether certain segments of the investment community are bullish or bearish. in June registered 60.5 percent, 0.5 percentage point lower than the 61 percent reported in May. This indicates that non-manufacturing purchasing and supply executives feel a little less discomfort Discomfort may refer to pain, an unpleasant sensation, or to suffering, an unpleasant feeling or emotion. with current levels of inventory in June than they did during May. In June, 23 percent of respondents felt their inventories were too high, 2 percent indicated their inventories were too low, and 75 percent said that their inventories were about right. The industries reporting a feeling that their inventories are too high in June are: Wholesale Trade; Other Services(d); Transportation & Warehousing; Management of Companies & Support Services; Construction; Public Administration; Retail Trade; Information; Finance & Insurance; and Professional, Scientific & Technical Services. The one industry reporting that their inventories are too low is Real Estate, Rental & Leasing. [TABLE OMITTED] (d) Other Services include: Equipment & Machinery Repairing; Promoting or Administering TO ADMINISTER, ADMINISTERING. The stat. 9 G. IV. c. 31, S. 11, enacts "that if any person unlawfully and maliciously shall administer, or attempt to administer to any person, or shall cause to be taken by any person any poison or other destructive things," &c. every such offender, &c. Religious Activities; Grantmaking; Advocacy; and Providing Dry-Cleaning dry-clean tr.v. dry-cleaned, dry-clean·ing, dry-cleans To clean (clothing or fabrics) with chemical solvents that have little or no water. dry cleaner n. & Laundry Laundry can be:
Before industrialization Services, Personal Care Services, Death Care Services, Pet Care Services, Photofinishing pho·to·fin·ish·ing n. The act or business of developing camera films and printing photographs for customers. pho Services, Temporary Parking Services, and Dating Services. About this Report The data presented herein is obtained from a survey of non-manufacturing supply managers based on information they have collected within their respective organizations. ISM makes no representation, other than that stated within this release, regarding the individual company data collection procedures. Use of the data is in the public domain and should be compared to all other economic data sources when used in decision-making decision-making, n the process of coming to a conclusion or making a judgment. decision-making, evidence-based, n a type of informal decision-making that combines clinical expertise, patient concerns, and evidence gathered from . Data and Method of Presentation The Non-Manufacturing ISM Report On Business([R]) is based on data compiled from purchasing and supply executives nationwide. Membership of the Non-Manufacturing Business Survey Committee is diversified diversified (di·verˑ·s by NAICS NAICS North American Industry Classification System , based on each industry's contribution to gross domestic product (GDP GDP (guanosine diphosphate): see guanine. ). The Non-Manufacturing Business Survey Committee responses are divided into the following NAICS code categories: Agriculture, Forestry, Fishing & Hunting; Mining; Utilities; Construction; Wholesale Trade; Retail Trade; Transportation & Warehousing; Information; Finance & Insurance; Real Estate, Rental & Leasing; Professional, Scientific & Technical Services; Management of Companies & Support Services; Educational Services; Health Care & Social Assistance; Arts, Entertainment & Recreation; Accommodation & Food Services; Other Services(d); and Public Administration. Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (Business Activity, New Orders, Backlog of Orders, New Export Orders, Inventory Change, Inventory Sentiment, Imports, Prices, Employment and Supplier Deliveries), this report shows the percentage reporting each response, the net difference between the number of responses in the positive economic direction (higher and slower for Supplier Deliveries) and the negative economic direction (lower and faster for Supplier Deliveries). Responses represent raw data and are never changed. Data is seasonally adjusted for Business Activity, New Orders, Prices and Employment. The remaining indexes have not indicated significant seasonality. Diffusion indexes Diffusion Index 1. A measure of the percentage of stocks that have advanced in price or are showing a positive momentum over a defined period. It is used in the technical analysis of stocks. 2. have the properties of leading indicators Leading Indicator A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators are used to predict changes in the economy, but are not always accurate. and are convenient summary measures showing the prevailing direction of change and the scope of change. An index reading above 50 percent indicates that the non-manufacturing economy in that index is generally expanding; below 50 percent indicates that it is generally declining. Supplier Deliveries is an exception. A Supplier Deliveries Index above 50 percent indicates slower deliveries and below 50 percent indicates faster deliveries. The Non-Manufacturing ISM Report On Business([R]) is published monthly by the Institute for Supply Management[TM], the largest supply management research and education organization in the United States. The Institute for Supply Management[TM], established in 1915, is the largest supply management organization in the world as well as one of the most respected. ISM's mission is to lead the supply management profession through its standards of excellence, research, promotional activities and education. The full text version of the Non-Manufacturing ISM Report On Business([R]) is posted on ISM's Web site at www.ism.ws on the third business day of every month after 10:10 a.m. (ET). The next Non-Manufacturing ISM Report On Business([R]) featuring the July July: see month. 2007 data will be released at 10:00 a.m. (ET) on Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant , August 3, 2007. |
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