The ISM Non-Manufacturing PMI for the US jumped to 58.1 in July 2020 from 57.1 in the previous month and above market expectations of 55.0. The latest reading pointed to the steepest month of expansion in the service sector since February 2019 as the economy recovers from the coronavirus hit. Business activity grew the most since January 2004 (67.2 vs 66.0 in June) and new orders rose the most on record (67.7 vs 61.6), while the rate of job shedding accelerated (42.1 vs 43.1).

Non Manufacturing PMI in the United States averaged 54.57 points from 1997 until 2020, reaching an all time high of 62 points in August of 1997 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 August of 2020. source: Institute for Supply Management

Non Manufacturing PMI in the United States is expected to be 51.00 points 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 51.00 in 12 months time. In the long-term, the United States ISM Non Manufacturing PMI is projected to trend around 50.00 points in 2021 and 52.00 points in 2022, according to our econometric models.

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United States ISM Non Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
58.10 57.10 62.00 37.80 1997 - 2020 points Monthly
SA


News Stream
US Service Sector Growth Hits 1-1/2-Year High
The ISM Non-Manufacturing PMI for the US jumped to 58.1 in July 2020 from 57.1 in the previous month and above market expectations of 55.0. The latest reading pointed to the steepest month of expansion in the service sector since February 2019 as the economy recovers from the coronavirus hit. Business activity grew the most since January 2004 (67.2 vs 66.0 in June) and new orders rose the most on record (67.7 vs 61.6), while the rate of job shedding accelerated (42.1 vs 43.1).
2020-08-05
US Services Growth Beats Forecasts: ISM
The ISM Non-Manufacturing PMI for the US jumped to 57.1 in June of 2020 from 45.4 in the previous month, beating market forecasts of 50.1. The reading pointed to the biggest increase in services activity since February before the coronavirus crisis. It is also the largest single-month percentage-point increase ever as businesses start to reopen after the lockdown. Business activity (66 vs 41 in May), new orders (61.6 vs 41.9), new export orders (58.9 vs 41.5) and inventories (60.7 vs 48) rebounded sharply. Also, employment fell at a slower pace (43.1 vs 31.8) and prices increased faster (62.4 vs 55.6).
2020-07-06
US Services Sector Shrinks at a Slower Pace: ISM
The ISM Non-Manufacturing PMI for the US increased to 45.4 in May of 2020 from 41.8 in the previous month which was the first contraction in the services sector since December of 2009 and the sharpest since March of 2009, due to coronavirus lockdown restrictions. It compares with market forecasts of 44 although it still points to a sharp contraction in the services sector. Production (41 from 26), new orders (41.9 from 32.9), employment (31.8 from 30) and inventories (48 from 46.9) fell less than in April. “Respondents remain concerned about the ongoing impact of the coronavirus. Additionally, many of the respondents’ respective companies are hoping and/or planning for a resumption of business,” Anthony Nieves, Chair of the ISM, said.
2020-06-03
US Services Activity Shrinks the Most in 11 Years: ISM
The ISM Non-Manufacturing PMI for the US fell to 41.8 in April of 2020 from 52.5 in the previous month and higher than market forecasts of 36.8. The figure pointed to the first contraction in the services sector since December of 2009 and the sharpest since March of 2009, due to coronavirus lockdown restrictions. Declines were seen in business activity (26 from 48 in March), new orders (32.9 from 52.9) and employment (30 from 47) while prices paid increased (55.1 from 50). Respondents are concerned about the continuing coronavirus impacts on the supply chain, operational capacity, human resources and finances, as well as the uncertain timelines for the resumption of business and a return to normality, Anthony Nieves, Chair of the Institute for Supply Management said.
2020-05-05

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.