The IHS Markit US Services PMI was revised lower to 56.0 in February 2019 from a preliminary estimate of 56.2 and compared to January's final 54.2. The latest reading pointed to the strongest pace of expansion in the service sector since July, as new business rose the most since last October, amid more robust client demand and the opening of new facilities, and new export order growth was the highest for nine months. In addition, the rate of job creation was the quickest for five months and backlogs of work increased to the greatest extent since May 2018. On the price front, input cost inflation accelerated from January's 22-month low and was the highest since last November on higher raw material and fuel prices, tariffs and higher interest rates. The rate of charge inflation also picked up. Looking ahead, service providers were less upbeat towards the year-ahead outlook for business activity. Services PMI in the United States is reported by Markit Economics.

Services PMI in the United States is expected to be 53.10 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in the United States to stand at 52.20 in 12 months time. In the long-term, the United States Services PMI is projected to trend around 52.10 Index Points in 2020, according to our econometric models.

United States Services PMI
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United States Business Last Previous Highest Lowest Unit
Business Confidence 54.20 56.60 77.50 29.40 Index Points [+]
Manufacturing PMI 53.00 54.90 57.90 50.70 [+]
Services PMI 56.00 54.20 61.00 49.30 Index Points [+]
Non Manufacturing PMI 59.70 56.70 62.00 37.80 [+]
Composite Pmi 55.50 54.40 61.00 50.00 Index Points [+]
Industrial Production 3.50 3.90 62.00 -33.70 percent [+]
Industrial Production Mom 0.10 -0.40 16.60 -10.40 percent [+]
Manufacturing Production 1.00 2.80 67.90 -39.40 percent [+]
Capacity Utilization 78.23 78.26 89.39 66.71 percent [+]
Durable Goods Orders 0.40 1.30 23.50 -19.00 percent [+]
Durable Goods Orders Ex Defense 0.70 2.20 26.00 -19.70 percent [+]
Durable Goods Orders Ex Transportation -0.10 0.30 7.50 -6.80 percent [+]
Factory Orders Ex Transportation -0.60 -1.30 4.60 -7.20 percent [+]
New Orders 499876.00 499194.00 565232.00 223500.00 USD Million [+]
Factory Orders 0.10 -0.50 10.60 -10.00 percent [+]
Business Inventories 0.60 0.00 1.30 -2.00 percent [+]
Changes in Inventories 97.07 89.77 166.37 -245.13 USD Billion [+]
Wholesale Inventories 1.10 0.40 2.10 -2.00 percent [+]
Bankruptcies 22232.00 22103.00 82446.00 19695.00 Companies [+]
Corporate Profits 2076.82 2007.53 2076.82 14.70 USD Billion [+]
NFIB Business Optimism Index 101.70 101.20 108.80 80.10 Index Points [+]
Ism New York Index 61.10 63.40 88.80 23.40 percent [+]
Philadelphia Fed Manufacturing Index -4.10 17.00 58.50 -57.90 Index Points [+]
NY Empire State Manufacturing Index 3.70 8.80 39.00 -34.40 Index Points [+]
Richmond Fed Manufacturing Index 16.00 -2.00 29.00 -44.00 Index Points [+]
Chicago Fed National Activity Index -0.43 0.05 2.77 -5.25 [+]
Dallas Fed Manufacturing Index 13.10 1.00 47.10 -60.10 Index Points [+]
Chicago Pmi 64.70 56.70 78.60 21.20 Index Points [+]
Car Production 2.64 2.61 9.92 1.29 Million Units [+]
Car Registrations 445.50 401.53 1149.00 331.50 Thousand [+]
Total Vehicle Sales 16.57 16.70 21.77 9.05 Million [+]
Crude Oil Stocks Change -3.86 7.07 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change -204.00 -149.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change -4624.00 -4227.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 125.13 124.80 125.13 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 -2.58 7.29 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 833.00 834.00 1609.00 98.00 [+]
Corruption Index 71.00 75.00 78.00 71.00 Points [+]
Corruption Rank 22.00 16.00 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 7647.00 7568.00 11951.00 3799.00 Thousand Tonnes [+]
Mining Production 12.50 15.40 108.20 -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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
56.00 54.20 61.00 49.30 2013 - 2019 Index Points Monthly




Country Last Previous
Australia 44.50 Feb/19
Brazil 52.20 Feb/19
China 51.10 Feb/19
Euro Area 52.80 Feb/19
France 50.20 Feb/19
Germany 55.30 Feb/19
India 52.50 Feb/19
Italy 50.40 Feb/19
Japan 52.30 Feb/19
Russia 55.30 Feb/19
Spain 54.50 Feb/19
United Kingdom 51.30 Feb/19
United States 56.00 Feb/19


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