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.