Services PMI® at 52.7%; November 2023 Services ISM® Report On Business®
TEMPE, Ariz., Dec. 5, 2023 /PRNewswire/ -- Economic activity in the services sector expanded in November for the 11th consecutive month as the Services PMI® registered 52.7 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 41 of the last 42 months, with the lone contraction in December 2022.
- TEMPE, Ariz., Dec. 5, 2023 /PRNewswire/ -- Economic activity in the services sector expanded in November for the 11th consecutive month as the Services PMI® registered 52.7 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®.
- The Business Activity Index registered 55.1 percent; a 1-percentage point increase compared to the reading of 54.1 percent in October.
- "The Supplier Deliveries Index registered 49.6 percent, 2.1 percentage points higher than the 47.5 percent recorded in October.
- The three industries reporting a decrease in the month of November are: Information; Mining; and Professional, Scientific & Technical Services.