The ISM Non-Manufacturing PMI for the United States dropped to 53.7 in July 2019 from 55.1 in the previous month and below market expectations of 55.5. The latest reading pointed to the weakest pace of expansion in the non-manufacturing sector since August 2016, as business activity and new orders grew at a softer pace. Non Manufacturing PMI in the United States is reported by Institute for Supply Management.

Non Manufacturing PMI in the United States is expected to be 56.00 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 52.00 in 12 months time. In the long-term, the United States ISM Non Manufacturing PMI is projected to trend around 50.00 in 2020, according to our econometric models.

United States ISM Non Manufacturing PMI
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US Non Manufacturing Sector Growth Slows to 3-Year Low

The ISM Non-Manufacturing PMI for the United States dropped to 53.7 in July 2019 from 55.1 in the previous month and below market expectations of 55.5. The latest reading pointed to the weakest pace of expansion in the non-manufacturing sector since August 2016, as business activity and new orders grew at a softer pace.

There was a slowdown in business activity (53.1 vs 58.2 in June), new orders (54.1 vs 55.8), and prices paid (56.5 vs 58.9). Meanwhile, employment growth accelerated (56.2 vs 55.0).

According to the NMI®, 13 non-manufacturing industries reported growth. The non-manufacturing sector’s rate of growth continued to cool off. Respondents indicated ongoing concerns related to tariffs and employment resources. Comments remained mixed about business conditions and the overall economy.”

The 13 non-manufacturing industries reporting growth in July — listed in order — are: Accommodation & Food Services; Utilities; Professional, Scientific & Technical Services; Real Estate, Rental & Leasing; Transportation & Warehousing; Construction; Information; Other Services; Finance & Insurance; Public Administration; Management of Companies & Support Services; Mining; and Health Care & Social Assistance. The five industries reporting a decrease are: Arts, Entertainment & Recreation; Agriculture, Forestry, Fishing & Hunting; Retail Trade; Wholesale Trade; and Educational Services.


ISM | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/5/2019 2:07:20 PM



United States Business Last Previous Highest Lowest Unit
Business Confidence 51.20 51.70 77.50 29.40 Index Points [+]
Manufacturing PMI 49.90 50.40 57.90 49.90 [+]
Services PMI 50.90 53.00 61.00 49.30 Index Points [+]
Non Manufacturing PMI 53.70 55.10 62.00 37.80 [+]
Composite Pmi 50.90 52.60 61.00 50.00 Index Points [+]
Industrial Production 0.50 1.10 62.00 -33.70 percent [+]
Industrial Production Mom -0.20 0.20 16.60 -10.40 percent [+]
Manufacturing Production -0.50 0.30 67.90 -39.40 percent [+]
Capacity Utilization 77.50 77.80 89.39 66.69 percent [+]
Durable Goods Orders 2.00 -2.30 23.20 -18.40 percent [+]
Durable Goods Orders Ex Defense 3.10 -1.20 25.50 -19.20 percent [+]
Durable Goods Orders Ex Transportation 1.20 0.50 6.30 -10.20 percent [+]
Factory Orders Ex Transportation 0.10 0.00 4.60 -7.00 percent [+]
New Orders 493817.00 493569.00 565232.00 223500.00 USD Million [+]
Factory Orders 0.60 -1.30 10.40 -9.70 percent [+]
Business Inventories 0.00 0.30 1.30 -2.00 percent [+]
Changes in Inventories 71.73 116.00 173.21 -245.13 USD Billion [+]
Wholesale Inventories 0.00 0.40 2.10 -2.00 percent [+]
Bankruptcies 22483.00 22157.00 82446.00 19695.00 Companies [+]
Corporate Profits 2012.30 2076.20 2076.82 14.70 USD Billion [+]
NFIB Business Optimism Index 104.70 103.30 108.80 80.10 Index Points [+]
NY Empire State Manufacturing Index 4.80 4.30 39.00 -34.40 Index Points [+]
Philadelphia Fed Manufacturing Index 16.80 21.80 58.50 -57.90 Index Points [+]
Richmond Fed Manufacturing Index -12.00 2.00 27.00 -44.00 Index Points [+]
Ism New York Index 43.50 50.00 88.80 23.40 percent [+]
Chicago Fed National Activity Index -0.02 -0.03 2.79 -5.28 [+]
Dallas Fed Manufacturing Index -6.30 -12.10 47.60 -59.90 Index Points [+]
Chicago Pmi 44.40 49.70 78.60 21.20 Index Points [+]
Car Production 2.67 2.62 9.92 1.29 Million Units [+]
Car Registrations 465.92 432.61 1149.00 331.50 Thousand [+]
Total Vehicle Sales 17.30 17.30 21.77 9.05 Million [+]
Crude Oil Stocks Change -2.73 1.58 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change 59.00 49.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change 312.00 -1412.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 128.29 127.88 128.29 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 -3.45 3.68 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 754.00 770.00 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 7276.00 7653.00 11951.00 3799.00 Thousand Tonnes [+]
Kansas Fed Manufacturing Index -2.00 -6.00 37.00 -32.00 Index Points [+]
Mining Production 5.50 8.40 108.20 -28.80 percent [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
53.70 55.10 62.00 37.80 1997 - 2019 Monthly
SA




Country Last Previous
China 53.70 Jul/19
Japan 23.00 Jun/19
United States 53.70 Jul/19


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