ISM Services Index Comes In Well Above Expectations in December 2012
From Econintersect Combined RSS Feed
January 4, 2013 - 10:12am
Written by Steven Hansen
The December 2012 ISM non-manufacturing (aka services) index continues its 2+ year growth cycle, and improved from 54.7 to 56.1 (above 50 signals expansion). This was much better than the market forecast of 53.5 which was expecting a decline.
The economically intuitive components of this index remain in expansion territory, and is signalling the economy is not near a recession in December 2012. There are two sub-indexes in the NMI which have good correlations to the economy - the Business Activity Index and the New Orders Index - and both have good track records in spotting an incipient recession. Both are well inside expansion territory.
Read more »
January 4, 2013 - 10:12am
Share This Article:
Wall Street Buzz
- Jun19 6:13pmStocks Sink During Taper Talk
- Jun19 6:04pmBrazilian Protests Succeed In Reversing Bus, Subway Fare Hike
- Jun19 5:48pmReality Check
- Jun19 5:47pmThe US Is No Longer The King Of Shale Oil & Gas
- Jun19 5:38pmS&P 500 Snapshot: Post-FOMC Selloff on Hints of a QE Phase Out
- Jun19 5:28pmThe Fed Gets Exactly What It Doesn’t Want
- Jun19 5:21pmManual One-Man Crosscut Saw
- Jun19 5:20pmBanks Not Exactly Living Up To Terms Of Mortgage Settlement No Reason To Think That Said Settlement Isn’t Working, Settlement Authors Say
- Jun19 5:17pmThis Metric Says You Are Smart to Sell AutoNavi Holdings Ltd (ADR) (AMAP)
- Jun19 5:15pmStocks Immune to the Fed
- Jun19 5:14pmBernanke On Soaring Interest Rates: "We Were A Little Puzzled By That"
- Jun19 5:14pmAfter Hours: Red Hat, Nokia among gainers after hours
- Jun19 5:14pmCurrencies: Dollar surges as bond buys could slow this year
- Jun19 5:13pmWhat We Read Today 19 June 2013
- Jun19 5:12pmIs Omnicell, Inc. (OMCL) Going to Burn These Hedge Funds?
- Jun19 5:11pmWhy the Coty Inc (COTY) IPO Didn’t Perform
- Jun19 5:11pmChina Eastern Airlines Corp. Ltd. (ADR) (CEA), China Southern Airlines Co Ltd (ADR) (ZNH) – A Look at Foreign Airlines Part Three: China
- Jun19 5:10pmWhy Has Kraft Foods Group Inc (KRFT) Stock Soared After Its Spinoff?
- Jun19 5:09pmBoyd Gaming Corporation (BYD), Zynga Inc (ZNGA): Why Online Gambling Will Crush the Candy
- Jun19 5:08pmMuppets Buy Along Pension Funds as Hedge Funds Sell on the Dip: BAML
- Jun19 5:07pmAvoid Digi International Inc. (DGII)?
- Jun19 5:06pmWells Fargo & Co (WFC): Bernanke’s “Irrational Exuberance” Moment
- Jun19 5:06pmSTTG Market Recap June 19, 2013
- Jun19 5:06pmOracle to report in face of market pressures
- Jun19 5:06pmFacebook Photo Comments: Now You Can Post Pictures As Comments
- Jun19 5:05pmHow Lloyds Banking Group PLC (ADR) (LYG) Measures Up As a GARP Investment
- Jun19 5:04pmCitigroup Inc (C): Big Banks Could Mean Big Gains
- Jun19 5:03pmSierra Wireless, Inc. (USA) (SWIR) Is Set to Grow Exponentially
- Jun19 5:03pmMarket News: Alcatel Lucent, Adobe, Tetra Tech, Pool, VVUS
- Jun19 5:02pmHedge Funds Are Crazy About Silicon Graphics International Corp (SGI)
- Jun19 5:02pmCardinal Health, Inc. (CAH): Despite a Big Contract Loss, This Healthcare Service Company is a Buy
- Jun19 5:01pm49% Jump in Royalty Revenue at Imagination Technologies Group plc (IMG)
- Jun19 5:01pmEnergy Stocks: Energy stocks turn lower after Fed decision
- Jun19 5:00pmThe Southern Company (SO), BCE Inc. (USA) (BCE): Where to Still Find Good Yields
- Jun19 5:00pmWhere The Money Is Flowing In Emerging Markets
- Jun19 4:59pmDirecTV (DTV) Is on the Verge of Acquiring Hulu
- Jun19 4:59pmOncolytics Biotech, Inc. (USA) (ONCY): This Promising Biotech Can Triple
- Jun19 4:57pmMaria's Observation: Fed's Message
- Jun19 4:51pmFrom Demographic Boom To Dependency Bust
- Jun19 4:47pmThe Easiest Way To Become A Landlord To The Nation's Top Hotels
- Jun19 4:46pmStocks End in Red After Fed, Bernanke Statements
- Jun19 4:45pmProtecting Your Portfolio Against Volatility
- Jun19 4:44pmBank of Ireland Upgraded To ‘Hold’ By Deutsche Bank
- Jun19 4:43pmWhat Is Hedge Fund Legend Leon Cooperman Buying Today?
- Jun19 4:42pmUnscrupulous companies charge students $1,600 for loan help they could get for free
- Jun19 4:42pm"The biggest rule of clickbait: No one wants to read about finance"
- Jun19 4:41pmFemale labor participation increasingly comes at the cost of being a mother
- Jun19 4:40pmFeedly Prepares For Google Reader’s Demise
- Jun19 4:40pmAfter-Hours Buzz: Nokia, Microsoft, Micron & More
- Jun19 4:38pmAlgo-Trading for the Retail Trader/Investor
