Skip to: Content
Skip to: Site Navigation
Skip to: Search

Paper Economy

Service industry slows in September

The service industry took a hit in September, with the Institute for Supply Management's overall non-manufacturing index falling to 54.4 from last month's reading of 58.6.

By Guest blogger / October 4, 2013

The Institute for Supply Management's overall non-manufacturing index fell to 54.4 from last month's reading of 58.6.



Today, the Institute for Supply Management released their latest Non-Manufacturing Report on Business indicating that service related business activity slowed in September with the overall non-manufacturing index falling to 54.4 from last month's reading of 58.6.

Skip to next paragraph

Writer, The PaperEconomy Blog

'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.

Recent posts

At 55.1 the business activity index plunged since last month declining 7.55% below the level seen a year earlier.

This month, service industry respondents are sounding a bit down with respondents citing slowing activity, flat business and uncertainty over healthcare costs:

"Overall business conditions are slowing — small manpower decrease of 5 percent." (Construction)

"Business levels continue to be strong. Shifting from transient to group travelers." (Accommodation & Food Services) 

"Increased activity following summer vacations, but several postponements as well. Clients still unsure about the economy and business costs (e.g., healthcare)." (Professional, Scientific & Technical Services)

"The federal government's spending is increasing greatly as agencies execute their final budgets and utilize fiscal year 2013 appropriated funds prior to their expiration on September 30th. This has caused a major increase in procurement activity for goods and services. Budgets are uncertain for fiscal year 2014, so some items requiring funding in future years are not being purchased." (Public Administration)

"Business has leveled off — not much in the way of growth." (Retail Trade)

"Some pick-up in sequential sales growth, but still flat with last year." (Wholesale Trade)

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here.To add or view a comment on a guest blog, please go to the blogger's own site by clicking on

  • Weekly review of global news and ideas
  • Balanced, insightful and trustworthy
  • Subscribe in print or digital

Special Offer


Doing Good


What happens when ordinary people decide to pay it forward? Extraordinary change...

Danny Bent poses at the starting line of the Boston Marathon in Hopkinton, Mass.

After the Boston Marathon bombings, Danny Bent took on a cross-country challenge

The athlete-adventurer co-founded a relay run called One Run for Boston that started in Los Angeles and ended at the marathon finish line to raise funds for victims.

Become a fan! Follow us! Google+ YouTube See our feeds!