The overall indication in January is continued economic growth in the non-manufacturing sector, but at slower rates of increase.
Quotes about non-manufacturing (8 Quotes)
The overall indication in December is continued economic growth in the non-manufacturing sector with a cautiously optimistic outlook as we enter 2006.
Respondents also commented on hurricanes Katrina and Rita and their impact on the energy supply and on the availability and cost of construction materials and truck transportation. The overall indication is continued economic growth in the non-manufacturing sector in October, but with a high level of concern about the impact of energy prices,
The non-manufacturing ISM index came in perfect, with higher orders and lower prices and that has given the market more confidence to make the assessment that Wal-Mart's problems were either Wal-Mart specific or retail sector specific and were not indicative of problems in the economy.
It's all coming together for Japan right now. Not only is the domestic demand outlook strong, but manufacturing and non-manufacturing firms are expanding, supporting both employment and capital investment.
The number was stronger than what people were looking for on the non-manufacturing NAPM. It is going to make it really hard for the Fed to keep talking that the economy is fragile.
We've been seeing improvement in the non-manufacturing side since late last year. We're seeing more activity in the travel sector and others that were hit really hard last year after the terror attacks.
The main thing holding back the economy in the past year and a half has been a lack of business confidence, and now we're seeing these surveys with a fairly optimistic take on the economy. The non-manufacturing survey certainly reflects the general increase in confidence, and that's a self-fulfilling thing.