The IHS Markit US Services PMI came in at 54.8 in October 2018, almost unchanged from a preliminary reading of 54.7 and above the previous month's eight-month low of 53.5. Output growth regained momentum after September’s weather-related weakness driven by a sharp expansion in new business amid more favorable demand conditions and new product launches. Meanwhile, the pace of job creation eased to a nine-month low mainly due to difficulties finding suitable candidates. Therefore, capacity pressures remained, with backlogs rising further. On the price front, input cost inflation quickened to the fastest since September 2013 and the rate of charge inflation was the second-highest in the nine-year series history. The level of optimism improved to a five-month high in October. Services PMI in the United States is reported by Markit Economics.

United States Services PMI
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United States Business Last Previous Highest Lowest Unit
Business Confidence 57.70 59.80 77.50 29.40 Index Points [+]
Manufacturing PMI 55.70 55.60 57.90 50.70 [+]
Services PMI 54.80 53.50 61.00 49.30 Index Points [+]
Non Manufacturing PMI 60.30 61.60 62.00 37.60 [+]
Composite Pmi 54.90 53.90 61.00 50.00 Index Points [+]
Industrial Production 5.10 4.90 62.00 -33.70 percent [+]
Industrial Production Mom 0.30 0.40 16.60 -10.40 percent [+]
Manufacturing Production 3.50 3.10 67.90 -39.40 percent [+]
Capacity Utilization 78.10 78.10 89.39 66.71 percent [+]
Durable Goods Orders 0.80 4.60 23.50 -19.00 percent [+]
Durable Goods Orders Ex Defense -0.60 2.50 26.00 -19.70 percent [+]
Durable Goods Orders Ex Transportation 0.10 0.30 7.50 -6.80 percent [+]
Factory Orders Ex Transportation 0.40 0.40 4.60 -7.20 percent [+]
New Orders 515334.00 510466.00 565232.00 223500.00 USD Million [+]
Factory Orders 0.70 2.60 10.60 -10.00 percent [+]
Business Inventories 0.50 0.70 1.30 -2.00 percent [+]
Changes in Inventories 76.33 -36.81 166.37 -245.13 USD Billion [+]
Wholesale Inventories 0.40 0.90 2.10 -2.00 percent [+]
Bankruptcies 22103.00 22245.00 82446.00 19695.00 Companies [+]
Corporate Profits 2007.53 1965.29 2007.53 14.70 USD Billion [+]
NFIB Business Optimism Index 107.90 108.80 108.80 80.10 Index Points [+]
Ism New York Index 69.80 72.50 88.80 23.40 percent [+]
Philadelphia Fed Manufacturing Index 22.20 22.90 58.50 -57.90 Index Points [+]
NY Empire State Manufacturing Index 21.10 19.00 39.00 -35.10 Index Points [+]
Richmond Fed Manufacturing Index 15.00 29.00 29.00 -44.00 Index Points [+]
Chicago Fed National Activity Index 0.17 0.27 2.77 -5.22 [+]
Dallas Fed Manufacturing Index 29.40 28.10 47.10 -60.10 Index Points [+]
Chicago Pmi 58.40 60.40 81.00 20.70 Index Points [+]
Car Production 2.78 2.45 9.92 1.29 Million Units [+]
Car Registrations 443.14 445.58 1149.00 331.50 Thousand [+]
Total Vehicle Sales 17.57 17.44 21.77 9.05 Million [+]
Crude Oil Stocks Change 5.78 3.22 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change 65.00 48.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change 1852.00 -3161.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 124.26 123.89 124.26 46.91 Index Points [+]
Internet Speed 18747.58 17235.62 18747.58 3609.31 KBps [+]
IP Addresses 128949703.00 127873899.00 146874246.00 89399946.00 IP [+]
API Crude Oil Stock Change 7.83 5.70 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 886.00 874.00 1609.00 98.00 [+]
Corruption Index 75.00 74.00 78.00 71.00 Points [+]
Corruption Rank 16.00 18.00 24.00 14.00 [+]
Competitiveness Index 85.64 84.84 85.64 5.42 Points [+]
Competitiveness Rank 1.00 1.00 7.00 1.00 [+]
Ease of Doing Business 8.00 6.00 8.00 4.00 [+]
Steel Production 7251.00 7461.00 11951.00 3799.00 Thousand Tonnes [+]
Mining Production 13.40 14.40 108.20 -28.80 percent [+]


United States Services PMI

Markit US Services PMI (Purchasing Managers' Index) is based on data collected from a representative panel of over 400 private sector companies covering transport and communication, financial intermediaries, business and personal services, computing & IT and hotels and restaurants. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. . This page provides the latest reported value for - United States Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Services PMI - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
54.80 53.50 61.00 49.30 2013 - 2018 Index Points Monthly




Country Last
Australia 51.10 Oct/18
Brazil 50.50 Oct/18
China 50.80 Oct/18
Euro Area 53.70 Oct/18
France 55.30 Oct/18
Germany 54.70 Oct/18
India 52.20 Oct/18
Italy 49.20 Oct/18
Japan 52.40 Oct/18
Russia 56.90 Oct/18
Spain 54.00 Oct/18
United Kingdom 52.20 Oct/18
United States 54.80 Oct/18


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