Wall Street Journal (02/05/14) Kathleen Madigan
The Institute for Supply Management’s nonmanufacturing purchasing managers index rose from 53.0 in December to 54.0 in January. Economists surveyed by Dow Jones Newswires had forecast a rise to 53.5. Readings above 50 indicate expansion.
The business activity and production index rose from 54.3 in December to 56.3 in January; the employment index increased from 55.6 to 56.4; the new orders index rose from 50.4 to 50.9; the ISM inventory index advanced from 48.0 to 50.5; and the prices index increased from 54.7 to 57.1.