The ISM Services PMI increased to 64 in May of 2021 from 62.7 in April, breaking a fresh record high and beating market forecasts of 63. Faster increases were seen for business activity (66.2 vs 62.7), new orders (63.9 s 63.2), backlogs of orders (61.1 vs 55.7), new export orders (60 vs 58.6) and inventories rebounded (51.5 vs 49.1). On the other hand, employment (55.3 vs 58.8) and supplier deliveries (70.4 vs 66.1) slowed and price pressures intensified (80.6 vs 76.8). There was continued growth in the services sector in May. The rate of expansion is very strong, as businesses have reopened and production capacity has increased. However, some capacity constraints, material shortages, weather-related delays, and challenges in logistics and employment resources continue,” says Anthony Nieves, Chair of the ISM. source: Institute for Supply Management
Non Manufacturing PMI in the United States averaged 54.73 points from 1997 until 2021, reaching an all time high of 64 points in May of 2021 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 June of 2021.
Non Manufacturing PMI in the United States is expected to be 58.00 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 52.00 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.