Economic activity in the services sector was unchanged in September, say the nation's purchasing and supply executives in the latest ISM® Services PMI® Report. The Services PMI® reading of 50 percent was at the breakeven point between expansion and contraction for the first time since January 2010. The report was issued today by Steve Miller, CPSM, CSCP, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: “In September, the Services PMI® registered an unchanged reading of 50 percent, 2 percentage points lower than the August figure of 52 percent. The Business Activity Index moved ... (full story)

Economic activity in the United States' services sector continued to grow in September, but at a slower pace, the Institute for Supply Management (ISM) revealed in its report published on Friday. Compared to the previous month, the Services Purchasing Managers' Index (PMI) went from 52% to 50%, failing expectations. The Business Activity Index declined from 55% to 49.9%, entering the contraction territory. The Employment Index remained in contraction, but improved slightly, going from 46.5% to 47.2%. The New Orders Index decreased from 56% to 50.4%. The Supplier Deliveries Index improved from 50.3% to 52.6.% ... (full story)