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.