ISM Services: Optimism Abound

Taken directly from February’s ISM services report, business leaders are either seeing higher activity or expecting it.  This is very encouraging for economic growth, as services make up 46% of GDP.

 

WHAT RESPONDENTS ARE SAYING …
  • “Our business is beginning to turn up slightly.” (Health Care & Social Assistance)
  • “Business seems to be improving; RFQ volume and orders also up.” (Management of Companies & Support Services)
  • “Continuing to see slight uptrend in activity, primarily related to 1st quarter initiatives started.” (Finance & Insurance)
  • “Construction market showing some positive signs.” (Real Estate, Rental & Leasing)
  • “The economy continues to slowly pick up, perhaps at an even faster pace than had been previously projected. New housing permits and business licenses are at a multiyear high, although still lower than pre-recession.” (Public Administration)
  • “February bouncing back to forecast levels, which was 11 percent over 2012.” (Wholesale Trade)
  • “Business is picking up; more projects to bid and things are improving.” (Construction)

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