Prior was 52.6

Particulars:

Employment index 43.3 versus 50.7 prior
New orders 52.8 versus 55.5 prior
Costs paid index 57.4 versus 58.3 prior
New export orders 50.4 versus 53.6 prior
Imports 49.3 versus 53.7 prior
Backlog of orders 49.4 versus 49.1 prior
Inventories 49.6 versus 55.4 prior
Provider deliveries 49.5 versus 49.6 prior
Stock sentiment 49.6 versus 62.2 prior

That is some dovish stuff. Bear in mind, the ISM providers report is a superb forward-looking knowledge level whereas non-farm payrolls is a laggard.

The costs paid and employment numbers are significantly dovish.

Feedback within the report

“Pricing has develop into extra favorable, in increments. Nonetheless, beef
costs are nonetheless excessive. Petroleum continues to fluctuate. Providers has
come down barely, however hourly charges are nonetheless greater than pre-pandemic
(ranges).” [Accommodation & Food Services]
“Congestion on the Panama Canal is predicted to proceed for the subsequent
a number of months. The impact of that is rerouting marine cargoes on the
expense of price and schedule.” [Construction]
“Business conditions are generally good, except for a short supply of major electrical components.” [Educational Services]
“Revenues stay sturdy however labor continues to be constrained, and
suppliers are floating value will increase starting January 1, which is able to
probably additional cut back already low working margins. Provide chains
seem like working nearer to pre-pandemic norms and stay principally
steady. Our major aim for calendar yr 2024 is expense discount
throughout the board, together with for provides and providers in addition to by way of
eliminating non-value-added pursuits.” [Health Care & Social
Assistance]
“If interest rates go down, investment borrowing will increase, as will orders for services.” [Information]
“Production and sales are up, and prices are down.” [Mining]
“Hiring of direct workers, consultants and contract staff
stays flat throughout most industries as the vacation season is in full
swing and financial issues persist. Firms are taking a wait-and-see
strategy to growing labor prices as they proceed to attempt to do extra
work with much less individuals.” [Professional, Scientific & Technical
Services]
“Final push for the holidays. The supply chain and sales are strong — pricing stable.” [Retail Trade]
“Now we have seen a typical gradual seasonal change in enterprise. That is
not surprising and stays at the next stage than within the earlier two
years.” [Transportation & Warehousing]
“There may be extra stability within the provide chain for the primary time
since early 2020. Total stage of enterprise exercise continues to be comparatively
excessive.” [Utilities]
“Enterprise continues to be strong in our space, regardless of the traditional vacation
lull. We must always see enterprise resume after the primary of the yr if good
climate prevails. Mortgage charges are persevering with to fall, which is aiding
in affordability. I believe the primary quarter will yield good demand.”
[Wholesale Trade]