ISM Services: Optimism Abound

Taken directly from February’s ISM services report, business leaders are either seeing higher activity or expecting it. ┬áThis 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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