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ECONOMIC ACTIVITY in the non-manufacturing sector grew in September for the 104th consecutive month, but import tariffs and labor shortages might delay future growth.
That's the picture that emerges from the nation's purchasing and supply executives in the latest Non-Manufacturing ISM® Report On Business®.
The index stands at 61.6 percent, 3.1 percentage points higher than the August reading of 58.5 percent, and highest since the index was launched in 2008. Overall, respondents remain positive about business conditions and the current and future economy. But concerns about capacity, logistics and uncertainty with global trade hang over several industries.
Here are comments made in various sectors that illustrate the concerns:
At the same time, The LegalShield Real Estate Index suggests existing home sales will slow in the short term due to severe inventory shortages, rising prices and interest rate increases.
"Although the housing market varies from region to region, overall we're not seeing a big rebound occurring any time soon," says Dave Coffey, LegalShield's Senior Vice President and Chief Digital Officer.
"The Federal Reserve is on track to raise rates for the fourth time this year in December, which will put even more upward pressure on mortgage rates and make home buying even less affordable. Normally we'd expect to see home builders respond by ramping up construction, but it just hasn't materialized."
Bad working conditions lead to unhappy workers, survey finds
ARE YOU causing stress and losing productivity among your workers because of inadequate working conditions?
Almost all American workers polled recently say an inadequate workplace can cause their mental well-being and productivity to suffer.
The study, conducted for National Business Furniture, found that 92 percent of American workers over 18 said that dissatisfaction with their physical workplace affected their mood, stress levels, performance and happiness.
The main complaints were:
"Many of us who work full-time spend the majority of our day at our desk or work station, so it's not surprising that layout and design has a major effect on our mood," said Dean Stier, chief marketing officer for NBF.
Women are more likely than men (60 vs. 49 percent) to say an uncomfortable working environment would cause them to be unhappy.
Millennials are more likely to admit their physical workspace has an impact on their anxiety levels (47 vs. 38 percent).
Companies are failing to assess risks of new technology
WHILE COMPANIES are increasing their focus on emerging technologies to help transform their businesses, many are not assessing the risks that come with their adoption, according to KPMG LLP's Tech Risk Management Survey.
Nearly half of the 200 senior IT risk management executives surveyed whose companies have adopted mobile applications and devices have not included them in recent IT risk assessments.
For more information: KPMG Tech Risk Management Survey Report: Disruption is the New Norm.
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