ISM Services Index Decreased to 55.9% in November

The November ISM Services index was at 55.9%, down from 56.6% last month. The employment index increased to 51.5%, from 50.1%. Note: Above 50 indicates expansion, below 50 contraction.

From the Institute for Supply Management: Services PMI™ at 55.9%; November 2020 Services ISM® Report On Business®

Economic activity in the services sector grew in November for the sixth month in a row, say the nation’s purchasing and supply executives in the latest Services ISM® Report On Business®.

The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: “The Services PMI™ registered 55.9 percent, 0.7 percentage point lower than the October reading of 56.6 percent. This reading represents a sixth straight month of growth for the services sector, which has expanded for all but two of the last 130 months.
emphasis added

Click on graph for larger image.

This graph shows the ISM services index (started in January 2008) and the ISM services employment diffusion index.

This was close to the consensus forecast, and the employment index was barely above 50.