Inventory Sentiment

The ISM Non-Manufacturing Inventory Sentiment Index in November registered 63 percent, which is 5.5 percentage points higher than the 57.5 percent reported in October. This indicates that respondents believe their inventories are still too high at this time. In November, 31 percent of respondents said their inventories were too high, 5 percent said their inventories were too low, and 64 percent said their inventories were about right.

The nine industries reporting a feeling that their inventories are too high in November — listed in order — are: Agriculture, Forestry, Fishing & Hunting; Arts, Entertainment & Recreation; Wholesale Trade; Other Services; Finance & Insurance; Utilities; Mining; Information; and Health Care & Social Assistance. The two industries reporting that their inventories are too low in November are: Accommodation & Food Services; and Construction. Six industries reported no change in inventory sentiment in November compared to October.