The ISM Services PMI for the US increased to 58.7 in January of 2021 from 57.7 in December, beating market forecasts of 56.8. The reading pointed to the strongest expansion in the services sector since February of 2019. New orders increased faster (61.8 vs 58.6) and employment rebounded (55.2 vs 48.7). On the other hand, production (59.9 vs 60.5) and supplier deliveries (57.8 vs 62.8) slowed and both inventories (49.2 vs 58.2) and new export orders (47 vs 57.3) came back to contraction. Price pressures remained elevated (64.2 vs 64.4). "Respondents’ comments are more optimistic about business conditions and the economy. Various local and state-level COVID-19 restrictions continue to negatively impact companies and industries. Production capacity and logistics issues continue to cause supply chain challenges” says Anthony Nieves, Chair of the ISM Services Business Survey Committee. source: Institute for Supply Management
Non Manufacturing PMI in the United States averaged 54.63 points from 1997 until 2021, 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 February of 2021.
Non Manufacturing PMI in the United States is expected to be 50.00 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 50.00 in 12 months time. 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.