The NMI® registered 60.1 percent in October, which is 0.3 percentage
point higher than the September reading of 59.8 percent. This is the highest
NMI® reading since the index’s debut in 2008. The highest reading among
pre-2008 composite index calculations is 61.3 percent in August 2005.
The
non-manufacturing sector has reflected the third consecutive month of strong
growth. Respondent comments continue to indicate a positive outlook for
business conditions, and the economy as we begin the fourth quarter.
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Friday, November 3, 2017
October service sector index reaches highest level since August 2005
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