Health Plan News

Services PMI™ at 55.9%; November 2020 Services ISM® Report On Business®

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.

INDUSTRY PERFORMANCE
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.

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