Hospital PMI® at 59.8%; November 2023 Hospital ISM® Report On Business®
The New Orders Index remained in expansion for the third straight month, and the Employment Index returned to expansion territory.
- The New Orders Index remained in expansion for the third straight month, and the Employment Index returned to expansion territory.
- LeMaster continues, "Hospital Business Survey Committee respondents attributed volume growth in November to an increase in elective procedures and seasonal respiratory cases.
- Inflation and increasing costs are still putting pressure on hospital margins, which resulted in continuing cost-cutting measures.
- Back orders and shortages lingered, but panelists' comments in general suggested a slow, steady increase in supplier delivery performance."