The ISM Non-Manufacturing PMI index for the United States fell to 55.5 in April 2019 from 56.1 in March and below market expectations of 57. The latest reading pointed to weakest expansion in the services sector since July 2017, mainly due to a slowdown in new orders and employment. Service providers remained mostly optimistic about overall business conditions, still there are concerns regarding employment resources. Non Manufacturing PMI in the United States is reported by Institute for Supply Management.

Non Manufacturing PMI in the United States is expected to be 54.20 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Non Manufacturing PMI in the United States to stand at 52.00 in 12 months time. In the long-term, the United States ISM Non Manufacturing PMI is projected to trend around 50.00 in 2020, according to our econometric models.

United States ISM Non Manufacturing PMI
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US Services Activity Growth at 21-Month Low: ISM

The ISM Non-Manufacturing PMI index for the United States fell to 55.5 in April 2019 from 56.1 in March and below market expectations of 57. The latest reading pointed to weakest expansion in the services sector since July 2017, mainly due to a slowdown in new orders and employment. Service providers remained mostly optimistic about overall business conditions, still there are concerns regarding employment resources.

Slower increases were seen in new orders (58.1 from 59 in March), employment (53.7 from 55.9), supplier deliveries (50.5 from 52), and backlogs of orders (55 from 56.5). Also, price pressures softened (55.7 from 58.7). On the other hand, business activity/production (59.5 from 57.4), new export orders (57 from 52.5), and inventories (51.5 from 50) advanced further.

The 15 non-manufacturing industries reporting growth in April — listed in order — are: Transportation & Warehousing; Professional, Scientific & Technical Services; Construction; Accommodation & Food Services; Agriculture, Forestry, Fishing & Hunting; Public Administration; Health Care & Social Assistance; Utilities; Other Services; Wholesale Trade; Management of Companies & Support Services; Mining; Educational Services; Finance & Insurance; and Information.


ISM | Stefanie Moya | stefanie.moya@tradingeconomics.com
5/3/2019 2:09:09 PM



United States Business Last Previous Highest Lowest Unit
Business Confidence 52.80 55.30 77.50 29.40 Index Points [+]
Manufacturing PMI 50.60 52.60 57.90 50.60 [+]
Services PMI 50.90 53.00 61.00 49.30 Index Points [+]
Non Manufacturing PMI 55.50 56.10 62.00 37.80 [+]
Composite Pmi 50.90 53.00 61.00 50.00 Index Points [+]
Industrial Production 0.90 2.30 62.00 -33.70 percent [+]
Industrial Production Mom -0.50 0.20 16.60 -10.40 percent [+]
Manufacturing Production -0.20 0.70 67.90 -39.40 percent [+]
Capacity Utilization 77.93 78.46 89.39 66.69 percent [+]
Durable Goods Orders -2.10 1.70 23.50 -19.00 percent [+]
Durable Goods Orders Ex Defense -2.50 0.10 26.00 -19.70 percent [+]
Durable Goods Orders Ex Transportation 0.00 -0.50 7.50 -6.80 percent [+]
Factory Orders Ex Transportation 0.80 0.30 4.60 -7.20 percent [+]
New Orders 508192.00 497474.00 565232.00 223500.00 USD Million [+]
Factory Orders 1.90 -0.30 10.60 -10.00 percent [+]
Business Inventories 0.00 0.30 1.30 -2.00 percent [+]
Changes in Inventories 128.39 96.80 166.37 -245.13 USD Billion [+]
Wholesale Inventories -0.10 0.40 2.10 -2.00 percent [+]
Bankruptcies 22157.00 22232.00 82446.00 19695.00 Companies [+]
Corporate Profits 2076.20 2076.82 2076.82 14.70 USD Billion [+]
NFIB Business Optimism Index 103.50 101.80 108.80 80.10 Index Points [+]
Ism New York Index 77.30 66.90 88.80 23.40 percent [+]
Philadelphia Fed Manufacturing Index 16.60 8.50 58.50 -57.90 Index Points [+]
NY Empire State Manufacturing Index 17.80 10.10 39.00 -34.40 Index Points [+]
Richmond Fed Manufacturing Index 3.00 10.00 29.00 -44.00 Index Points [+]
Chicago Fed National Activity Index -0.45 0.05 2.78 -5.27 [+]
Dallas Fed Manufacturing Index 2.00 6.90 47.60 -59.90 Index Points [+]
Chicago Pmi 52.60 58.70 78.60 21.20 Index Points [+]
Car Production 2.42 2.46 9.92 1.29 Million Units [+]
Car Registrations 464.96 377.46 1149.00 331.50 Thousand [+]
Total Vehicle Sales 16.40 17.45 21.77 9.05 Million [+]
Crude Oil Stocks Change 4.74 5.43 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change 100.00 106.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change 3716.00 -1123.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 127.79 125.78 127.79 46.91 Index Points [+]
Internet Speed 18747.58 17235.62 18747.58 3609.31 KBps [+]
IP Addresses 128949703.00 127873899.00 146874246.00 89399946.00 IP [+]
API Crude Oil Stock Change 2.40 8.60 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 797.00 802.00 1609.00 98.00 [+]
Corruption Index 71.00 75.00 78.00 71.00 Points [+]
Corruption Rank 22.00 16.00 24.00 14.00 [+]
Competitiveness Index 85.64 84.84 85.64 5.42 Points [+]
Competitiveness Rank 1.00 1.00 7.00 1.00 [+]
Ease of Doing Business 8.00 6.00 8.00 4.00 [+]
Steel Production 7752.00 6896.00 11951.00 3799.00 Thousand Tonnes [+]
Mining Production 10.40 9.80 108.20 -28.80 percent [+]


United States ISM Non Manufacturing PMI

The Non-Manufacturing ISM Report On Business® is based on data compiled from purchasing and supply executives nationwide. Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (Business Activity, New Orders, Backlog of Orders, New Export Orders, Inventory Change, Inventory Sentiment, Imports, Prices, Employment and Supplier Deliveries) this report shows the percentage reporting each response, and the diffusion index. An index reading above 50 percent indicates that the non-manufacturing economy in that index is generally expanding; below 50 percent indicates that it is generally declining. Orders to the service producers make up about 90 percent of the US economy. This page provides the latest reported value for - United States ISM Non Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States ISM Non Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
55.50 56.10 62.00 37.80 1997 - 2019 Monthly
SA




Country Last Previous
China 54.30 Apr/19
Japan 21.00 Mar/19
United States 55.50 Apr/19


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