The Institute for Supply Management on Wednesday reported its monthly non-manufacturing index for January. A listing of the main ISM non-manufacturing index components follows: Jan Dec Nov Oct Sept Aug July NMI/PMI 42.9 40.1 37.4 44.6 50.0 50.4 49.6 Bus Activity 44.2 38.9 33.3 44.5 51.5 50.8 50.1 New Orders 41.6 38.9 35.6 44.3 50.6 49.5 48.0 Backlog Orders 37.5 42.5 39.5 44.0 46.5 49.0 52.0 New Export Ords 39.0 39.5 34.5 50.0 50.5 44.5 47.5 Inventory Sent 62.5 65.5 65.0 67.5 62.5 66.0 62.5 Imports 40.5 32.5 40.0 52.0 47.5 46.0 49.0 Prices Index 42.5 36.1 37.0 53.3 70.6 74.1 78.8 Employment 34.4 34.5 31.1 41.7 44.2 45.6 46.8 Supplier Delivs 51.5 48.0 49.5 48.0 53.5 55.5 53.5 FORECAST: Reuters' survey of economists expected a median reading of 39.0 in January versus a December reading of 40.1. THE SURVEY: ISM compiles its diffusion index by surveying more than 370 purchasing executives in more than 62 different service industries once a month. The responses reflect the change in the current month compared to the previous month. The non-manufacturing ISM report is seasonally adjusted except for the business activity, new orders, imports, and employment. The ISM non-manufacturing survey was launched in July 1997.

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