Economic activity in the services sector grew in November for the sixth month in a row, say the nation’s purchasing and supply executives in the latest Services ISM® Report On Business®.
The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: “The Services PMI™ registered 55.9 percent, 0.7 percentage point lower than the October reading of 56.6 percent. This reading represents a sixth straight month of growth for the services sector, which has expanded for all but two of the last 130 months.
The 14 services industries reporting growth in November — listed in order — are: Transportation & Warehousing; Management of Companies & Support Services; Health Care & Social Assistance; Utilities; Accommodation & Food Services; Construction; Retail Trade; Wholesale Trade; Professional, Scientific & Technical Services; Finance & Insurance; Agriculture, Forestry, Fishing & Hunting; Mining; Public Administration; and Information. The four industries reporting contraction in November are: Arts, Entertainment & Recreation; Other Services; Real Estate, Rental & Leasing; and Educational Services.
Commodities Up in Price
Cheese; Construction Contractors (2); Corn (3); Disinfectant Supplies (3); Electrical Components; Exam Gloves (2); Lumber Products (7); Medical Supplies (10); Nitrile Gloves (3); Personal Protective Equipment (PPE)* (10); PPE — Gloves (2); PPE — Gowns (2); PPE — Masks (4); Pharmaceuticals; Plastic Products (2); PVC Products (3); Soybean Products; and Steel (3).
Commodities Down in Price
Beef; Diesel (2); and Personal Protective Equipment (PPE)* (2).
Commodities in Short Supply
Construction Contractors (2); Construction Subcontractors (2); Disinfectant Supplies; Disinfectant Wipes (7); Exam Gloves (2); Isolation Gowns (2); Labor — Temporary; Medical Supplies (3); N95 Masks (9); Nitrile Gloves (6); Personal Protective Equipment (PPE) (10); PPE — Gloves (8); PPE — Gowns (8); PPE — Masks (9); PVC Products (2); Sanitary Supplies (8); Sterile Surgical Gowns; Swabs; Transformers; Vinyl Gloves (2); and Wipes (6).
Note: The number of consecutive months the commodity is listed is indicated after each item.
*Indicates both up and down in price.