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U.S. September ISM Nonmanufacturing Index Slips

Dow Jones Business News (10/03/14) Cynthia Lin

The Institute for Supply Management’s nonmanufacturing purchasing managers index dropped to 58.6 in September from 59.6 the previous month, which was the highest reading since the revised survey was launched in January 2008. Economists surveyed by the Wall Street Journal had forecast a reading of 58.5. The business activity and production index fell to 62.9 from 65.0 in August, and the employment subindex increased to 58.5 from 57.1.