The ISM Services PMI jumped to a record high of 66.7 in October of 2021 from 61.9 in September, beating market forecasts of 62. It is the 4th time this year the services sector grows at a record pace, amid strong demand "which shows no signs of slowing although ongoing challenges including supply chain disruptions and shortages of labor and materials are constraining capacity and impacting overall business conditions", Anthony Nieves, Chair of the ISM said. Increases were seen in the subindexes for production (69.8 vs 62.3 in September), new orders (69.7 vs 63.5), supplier deliveries (75.7 vs 68.8), prices (82.9 vs 77.5) while a slowdown was seen for employment (51.6 vs 53) and inventories contracted faster (42.2 vs 46.1). source: Institute for Supply Management
Non Manufacturing PMI in the United States averaged 54.87 points from 1997 until 2021, reaching an all time high of 66.70 points in October of 2021 and a record low of 37.80 points in November of 2008. 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 - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.
Non Manufacturing PMI in the United States is expected to be 64.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States ISM Non Manufacturing PMI is projected to trend around 52.00 points in 2022, according to our econometric models.