Expansion in Dec 2010 is seen 12th consecutive month.
A reading above 50 percent indicates the non-manufacturing sector economy is generally expanding; below 50 percent indicates the non-manufacturing sector is generally contracting.
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| Source: ISM |
Thursday, January 6, 2011
US: Non-Manufacturing Index (NMI) climbed the most in Dec-2010 since Jan-2008
US's NMI is recorded 57.1% in December 2010, increased by 3.8% M-o-M, highest since January 2008.
Expansion in Dec 2010 is seen 12th consecutive month.
A reading above 50 percent indicates the non-manufacturing sector economy is generally expanding; below 50 percent indicates the non-manufacturing sector is generally contracting.
Expansion in Dec 2010 is seen 12th consecutive month.
A reading above 50 percent indicates the non-manufacturing sector economy is generally expanding; below 50 percent indicates the non-manufacturing sector is generally contracting.
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