The ISM non-manufacturing PMI increased to 57.2 in December of 2020 from 55.9 in November, beating market forecasts of 54.6. The reading pointed to the strongest growth in the services sector in 3 months. Business activity (59.4 vs 58) and new orders (58.5 vs 57.2) rose faster and inventories rebounded (58.2 vs 49.3) while price pressure eased (64.8 vs 66.1) and employment returned to falls (48.2 vs 51.5). "Respondents’ comments are mixed about business conditions and the economy. Various local- and state-level COVID-19 shutdowns continue to negatively impact companies and industries. Applicable human resources, production capacity and logistics have been more constrained than during the previous month. Most respondents are cautiously optimistic about business conditions with the recent approval and impending distribution of vaccines,” Anthony Nieves, Chair of the ISM said. source: Institute for Supply Management

Non Manufacturing PMI in the United States averaged 54.61 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 January 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.

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United States ISM Non Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
57.20 55.90 62.00 37.80 1997 - 2020 points Monthly
SA


News Stream
ISM Non-Manufacturing PMI at 3-Month High
The ISM non-manufacturing PMI increased to 57.2 in December of 2020 from 55.9 in November, beating market forecasts of 54.6. The reading pointed to the strongest growth in the services sector in 3 months. Business activity (59.4 vs 58) and new orders (58.5 vs 57.2) rose faster and inventories rebounded (58.2 vs 49.3) while price pressure eased (64.8 vs 66.1) and employment returned to falls (48.2 vs 51.5). "Respondents’ comments are mixed about business conditions and the economy. Various local- and state-level COVID-19 shutdowns continue to negatively impact companies and industries. Applicable human resources, production capacity and logistics have been more constrained than during the previous month. Most respondents are cautiously optimistic about business conditions with the recent approval and impending distribution of vaccines,” Anthony Nieves, Chair of the ISM said.
2021-01-07
US Services Growth at 6-Month Low: ISM
The ISM Non-Manufacturing PMI fell to 55.9 in November of 2020 from 56.6 in the previous month, in line with forecasts of 56. The reading pointed to the slowest increase in the services sector in six months but it remained above the long-term average of 54.6. Production (58 vs 61.2) and new orders (57.2 vs 58.8) slowed, inventories contracted (49.3 vs 53.1) and price pressures eased (66.1 vs 63.9) while employment rose at a faster pace (51.5 vs 50.1). "Respondents’ comments are mixed about business conditions and the economy. Restaurants continue to struggle with capacity constraints and logistics. Most companies are cautious as they navigate operations amid the pandemic and the aftermath of the US presidential election,” Anthony Nieves, Chair of the ISM Services Business Survey Committee said.
2020-12-03
ISM Non-Manufacturing PMI Falls More than Anticipated
The ISM Non-Manufacturing PMI fell to 56.6 in October of 2020 from 57.8 in September and lower than market forecasts of 57.5. The reading pointed to the fifth straight month of expansion in the services sector but the lowest growth since May. A slowdown was seen in production (61.2 vs 63), new orders (58.8 vs 61.5), employment (50.1 vs 51.8) and supplier deliveries (56.2 vs 54.9). In contrast, inventories rebounded (53.1 vs 48.8), new export orders increased faster (53.7 vs 52.6) and price pressures intensified (63.9 vs 59). "Respondents’ comments are cautiously optimistic about business conditions and the economy. There is a degree of uncertainty due to the pandemic, capacity constraints, logistics and the elections,” Anthony Nieves, Chair of the ISM Services Business Survey Committee said.
2020-11-04
US Services Growth Beats Forecasts: ISM
The ISM Non-Manufacturing PMI for the US increased to 57.8 in September of 2020 from 56.9 in August, beating market expectations of 56.3. The reading pointed to the fourth straight month of expansion in the non-manufacturing sector as the economy recovers from the coronavirus hit. Faster increases were seen for business activity (63 vs 62.4) and new orders (61.5 vs 56.8) and employment rebounded (51.8 vs 47.9). Inventories fell less (48.8 vs 45.8) and price pressures eased (59 vs 64.2). "Respondents’ comments remain mostly optimistic about business conditions and the economy, which correlates directly to those businesses that are operating. There continues to be capacity and logistics issues, as business volumes have increased” said Anthony Nieves, Chair of the ISM.
2020-10-05

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.