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Monday, April 5, 2010

ISM Services Jump

ISM details what respondents are saying:

  • "Business conditions have returned to normal (pre-recession). Our business is up significantly since 2009. We are very positive about the upcoming year." (Information)
  • "Demand for loans, credit cards, mortgages and equity lending is expected to continue to increase." (Finance & Insurance)
  • "Brisk business activity continues as more projects get 'green light.'" (Utilities)
  • "Observing some relaxation on several fronts regarding spending and hiring. Still very cautious, but making investments where they make sense." (Retail Trade)
  • "Limited funding available for development [and] expansions." (Accommodation & Food Services)
  • "The economy appears to be holding its own; however, state and local funding is projected to decrease next fiscal year." (Educational Services)

Source ISM