In November, the Services PMI registered 56.5 percent, a 2.1-percentage point increase compared to the October reading of 54.4 percent.
The Business Activity Index registered 64.7 percent, a substantial increase of 9 percentage points compared to the reading of 55.7 percent in October.
The New Orders Index figure of 56 percent is 0.5 percentage point lower than the October reading of 56.5 percent.
The Prices Index was down 0.7 percentage point in November, to 70 percent. Services businesses still continue to struggle to replenish their stocks, as the Inventories Index contracted for the sixth consecutive month; the reading of 47.9 percent is up 0.7 percentage point from October's figure of 47.2 percent.
Source: ISM
