US nonmanufacturing ISM index for February 2020
- employment 55.6 versus 53.1 last month
- new orders 63.1 versus 56.2 last month
- business activity index 57.8 versus 60.9 last month
- prices paid 50.8 versus 55.5 last month
- backlog of orders at 53.2 versus 45.5 last month
- supplier deliveries of 52.4 versus 51.7 last month
- inventory change 53.9 versus 46.5 last month
- inventory sentiment 59.3 versus 54.9 last month
- new export orders 55.6 versus 50.1 last month
- imports 52.6 versus 55.1 last month
- Highest level since February 2019
Better report with the employment and new orders leading the way.
Recall that the manufacturing index was weaker than the prior month at 50.1 versus 50.9 and January. The employment component in the met fracturing index rose to 46.9 from 46.6, but was still below the 50.0 level. New orders in the manufacturing index fell to 49.8 from 52.0. So nonmanufacturing is showing a much more positive picture compared to the manufacturing sector.
