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Tuesday, July 6, 2010

ISM Services: Slow Growth

ISM details what respondents are saying:
  • "The general upswing in the economy, albeit minor, has had a positive effect." (Arts, Entertainment & Recreation)
  • "Pricing pressures continue to increase as we see the economy begin to improve. Orders are still lagging in our industry." (Professional, Scientific & Technical Services)
  • "Slow pace, but better than last year at this time." (Accommodation & Food Services)
  • Funding issues and cash flow issues continue to affect public sector procurement. Almost all capital acquisitions have been suspended." (Public Administration)
  • "We have seen a slight improvement in business activity over the past month." (Wholesale Trade)

Source: ISM