Services Declining at Slightly Faster Rate

ISM details:

• What respondents are saying:"Economic activity continues to decline." (Transportation & Warehousing)
• "Continued soft sales, offset by improving profit margins." (Accommodation & Food Services)
• "Stimulus funds have increased business activity." (Public Administration)
• "Business downturn seems to be stabilizing somewhat." (Information)
• "There is still downward pressure on our products; however, our sales volume is stabilizing." (Mining)
• "The past month’s volume target and operating volumes were met. Rising concerns over the future form of healthcare reform and impact on provider organizations." (Health Care & Social Assistance)
• "Although attendance is up, business levels remain steady. More people, fewer dollars spent — an indication that discretionary spending is limited." (Arts, Entertainment & Recreation)

Source: ISM