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Dec. ISM Non-Manufacturing Index: 57.1 vs. 55.7 expected and 55 prior (>50 denotes...

Dec. ISM Non-Manufacturing Index: 57.1 vs. 55.7 expected and 55 prior (>50 denotes expansion). Prices index rose to 70 from 63.2. Employment fell to 50.5 from 52.7. New orders rose to 63 from 57.7.
Comments (12)
  • bbro
    , contributor
    Comments (9327) | Send Message
     
    The number to follow in the ISM non manufacturing is the Business
    Activity.....63.5....that is a rockin number.....

     

    The industries reporting growth of business activity in December — listed in order — are: Real Estate, Rental & Leasing; Retail Trade; Information; Professional, Scientific & Technical Services; Accommodation & Food Services; Mining; Arts, Entertainment & Recreation; Transportation & Warehousing; Management of Companies & Support Services; Utilities; Construction; Finance & Insurance; Health Care & Social Assistance; and Wholesale Trade. The industries reporting decreased business activity in December are: Public Administration and Educational Services.

     

    Got to go back to August 2005 for a better number....
    5 Jan 2011, 10:09 AM Reply Like
  • Conventional Wisdumb
    , contributor
    Comments (1802) | Send Message
     
    bbro,

     

    Why would the employment portion be so weak given the strength everywhere else? Appears to be on the precipice of going into contraction again.

     

    Thanks

     

    Growth without hiring is bullish for profits but not that great for people :)
    5 Jan 2011, 10:17 AM Reply Like
  • Harry Tuttle
    , contributor
    Comments (2221) | Send Message
     
    Real Estate?
    5 Jan 2011, 10:20 AM Reply Like
  • bbro
    , contributor
    Comments (9327) | Send Message
     
    totally agree..this numbers should generate jobs....a plus 60
    Activity numbers is synonymous with decent payroll growth...
    this is a very unusual economic contraction ( to say the least)....
    productivity,housing,etc all have postponed job growth....
    5 Jan 2011, 11:13 AM Reply Like
  • Econdoc
    , contributor
    Comments (2944) | Send Message
     
    dumb. profits are good. we like profits.

     

    understand what happened.

     

    what triggered the collapse was a lack of business credit. it dried up over night and it dried up because banks and the capital markets ground to a halt because of all the well documented issues. I know because I saw it first hand. I had demand. What I did not have was access to financing.

     

    now look at the aftermath. companies have huge amounts of cash. because who knows the window may get slammed down on your fingers again? I have a loan at loan shark rates that I am going to refi this year. Could not do it last year - despite having a profitable and growing business.

     

    In the meantime - people have delevered and banks are starting to lend and productivity is up, up up. Also folks with jobs are feeling secure - firings are down and so they are spending again. So demand is up and will continue to surprise. What follows is textbook. Hiring will come back very strong in 2011. It will tip over the precipice. Then expect wage growth and true - demand inflation - finally starting in 2012 and strenghthening through the year. Then the Fed tightens and we get a mild slowdown Q4 2012/Q1 2013 - very similar to 1994/5. And then more growth through for the next few years after that - 2013 through 2015 by which time we will be due for a recession. For Rosenberg and some other idiots - this will be the double dip they are waiting for - too bad it will be about 500 points from where we are today.

     

    E
    5 Jan 2011, 11:35 AM Reply Like
  • Barry Crocker
    , contributor
    Comments (441) | Send Message
     
    It's all very exciting.
    5 Jan 2011, 10:11 AM Reply Like
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    It's all the republicans.. Now THEY know how to create jobs!!
    5 Jan 2011, 10:13 AM Reply Like
  • KTS
    , contributor
    Comments (48) | Send Message
     
    Price index up to 70 = margin compression. How long are profits sustainable with such high input prices?
    5 Jan 2011, 10:21 AM Reply Like
  • User 487974
    , contributor
    Comments (1105) | Send Message
     
    Spot on man. No one wants to see that which is not to their liking. Can you say input inflation? We are fucked,period!
    5 Jan 2011, 01:13 PM Reply Like
  • mowjo
    , contributor
    Comments (96) | Send Message
     
    Let the Naysayers say nay. I'm a believer. And all this before the Teabaggers had a chance to do a damn thing. Actually most of the Doomers are just extreme right wing Republicans (I'm a modrate Repub); and, they can not stand the thought of a recovery happening while the Dems were in power. Give it a couple of months and they'll be saying look at things now that the Republicans are in power! If the Republicans work solely at undoing what the Dems have done and do not concentrate on the economy and jobs they will suffer at the polls in two years like the Dems did for their single minded concentrating on Health Care and not jobs.
    5 Jan 2011, 10:22 AM Reply Like
  • kashirin
    , contributor
    Comments (48) | Send Message
     
    you trust in Ben
    Ben trust in printing press

     

    doomers just have logic you choose to ignore in your blind trust in mad professor
    5 Jan 2011, 10:33 AM Reply Like
  • nyuszika45
    , contributor
    Comments (633) | Send Message
     
    the horses say "neigh"...

     

    but they produce negotiable products - not all that different from the products of the Congress.
    5 Jan 2011, 12:26 PM Reply Like
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