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.

Ok
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
United States ISM Non Manufacturing PMI


Related Last Previous Unit Reference
Non Manufacturing PMI 66.70 61.90 points Oct/21
Business Confidence 60.80 61.10 points Oct/21
Factory Orders Ex Transportation 0.70 0.50 percent Sep/21
Factory Orders 0.20 1.00 percent Sep/21
Ism New York Index 37.20 35.50 percent Mar/21
Chicago PMI 68.40 64.70 points Oct/21
ISM Non Manufacturing Prices 82.90 77.50 points Oct/21
ISM Non Manufacturing New Orders 69.70 63.50 points Oct/21
ISM Non Manufacturing Employment 51.60 53.00 points Oct/21
ISM Non Manufacturing Business Activity 69.80 62.30 points Oct/21

News Stream
US Services PMI Hits Record High: ISM
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).
2021-11-03
US ISM Non Manufacturing PMI Tops Forecasts
The ISM Services PMI edged up to 61.9 in September of 2021 from 61.7 in August, beating forecasts of 60, and pointing to a robust growth in the services sector, although the ongoing challenges with labor resources, logistics, and materials are affecting the continuity of supply. Faster increases were seen for business activity (62.3 vs 60.1), new orders (63.5 vs 63.2) and backlog of orders (61.9 vs 61.3). On the other hand, employment (53 vs 53.7), supplier deliveries (68.8 vs 69.6) and new export orders (59.5 vs 60.6) slowed. Also, price pressures intensified (77.5 vs 75.4).
2021-10-05
US Services Growth Slows Less than Expected: ISM
The ISM Services PMI fell to 61.7 in August of 2021 from a record of 64.1 in July, but beat market forecasts of 61.5. A slowdown was seen for business activity (61.7 vs 64.1 in July), new orders (63.2 vs 63.7) and employment (53.7 vs 53.8) and inventories contracted further (46.9 vs 49.2). At the same time, price pressures eased (75.4 vs 82.3). "There was a pullback in the rate of expansion in the month of August; however, growth remains strong for the services sector. The tight labor market, materials shortages, inflation and logistics issues continue to cause capacity constraints", says Anthony Nieves, Chair of the ISM.
2021-09-03

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.