US DATA: Dec ISM Non-Mfg text: “Economic activity in the non-mfg sector
grew in Dec for the 25th consecutive month. NMI registered 52.6 in Dec,
0.6 pt higher than the 52 percent registered in November, and indicating
continued growth at a slightly faster rate in the non-manufacturing
sector. The Non-Manufacturing Business Activity Index registered 56.2
percent, which is the same reading as reported in November, reflecting
growth for the 29th consecutive month. The New Orders Index increased by
0.2 percentage point to 53.2 percent. The Employment Index increased 0.5
percentage point to 49.4 percent, indicating contraction in employment
for the third time in the last four months. The Prices Index decreased
1.3 percentage points to 61.2 percent, indicating prices increased at a
slower rate in December when compared to November. According to the NMI,
11 non-manufacturing industries reported growth in December.
Respondents’ comments are mixed and vary by industry and company.
Economic growth continues to be slowed by the lag in employment.”