The ISM Non-Manufacturing PMI index for the United States slumped to 56.1 in March of 2019 from 59.7 in February, below market expectations of 58. The reading pointed to the weakest expansion in the services sector since August of 2017, amid a slowdown in production and new orders. Respondents remain mostly optimistic about overall business conditions and the economy but concerns remain about employment resources and capacity constraints. 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 54.20 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 Services Growth Lowest since 2017: ISM

The ISM Non-Manufacturing PMI index for the United States slumped to 56.1 in March of 2019 from 59.7 in February, below market expectations of 58. The reading pointed to the weakest expansion in the services sector since August of 2017, amid a slowdown in production and new orders. Respondents remain mostly optimistic about overall business conditions and the economy but concerns remain about employment resources and capacity constraints.

Slower increases were seen in business activity/production (57.4 from 64.7 in February), new orders (59 from 65.2), supplier deliveries (52 from 53.5) and new export orders (52.5 from 55). Also, inventories stalled (50 from 51) and price pressures intensified (58.7 from 54.4). On the other hand, employment (55.9 from 55.2) and backlogs of orders (56.5 from 55.5) rose faster.  

The 16 non-manufacturing industries reporting growth in March — listed in order — are: Construction; Other Services; Professional, Scientific & Technical Services; Health Care & Social Assistance; Accommodation & Food Services; Public Administration; Mining; Management of Companies & Support Services; Agriculture, Forestry, Fishing & Hunting; Transportation & Warehousing; Real Estate, Rental & Leasing; Information; Arts, Entertainment & Recreation; Utilities; Finance & Insurance; and Wholesale Trade. The two industries that contracted in March are: Educational Services; and Retail Trade.


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
4/3/2019 2:20:35 PM



United States Business Last Previous Highest Lowest Unit
Business Confidence 55.30 54.20 77.50 29.40 Index Points [+]
Manufacturing PMI 52.40 52.40 57.90 50.70 [+]
Services PMI 52.90 55.30 61.00 49.30 Index Points [+]
Non Manufacturing PMI 56.10 59.70 62.00 37.80 [+]
Composite Pmi 52.80 54.60 61.00 50.00 Index Points [+]
Industrial Production 2.80 3.50 62.00 -33.70 percent [+]
Industrial Production Mom -0.10 0.10 16.60 -10.40 percent [+]
Manufacturing Production 1.00 1.10 67.90 -39.40 percent [+]
Capacity Utilization 78.80 79.00 89.39 66.69 percent [+]
Durable Goods Orders -1.60 0.10 23.50 -19.00 percent [+]
Durable Goods Orders Ex Defense -1.90 0.40 26.00 -19.70 percent [+]
Durable Goods Orders Ex Transportation 0.10 -0.10 7.50 -6.80 percent [+]
Factory Orders Ex Transportation 0.30 -0.10 4.60 -7.20 percent [+]
New Orders 497474.00 500479.00 565232.00 223500.00 USD Million [+]
Factory Orders -0.50 0.00 10.60 -10.00 percent [+]
Business Inventories 0.30 0.90 1.30 -2.00 percent [+]
Changes in Inventories 96.80 89.77 166.37 -245.13 USD Billion [+]
Wholesale Inventories 0.20 1.20 2.10 -2.00 percent [+]
Bankruptcies 22232.00 22103.00 82446.00 19695.00 Companies [+]
Corporate Profits 2076.20 2076.82 2076.82 14.70 USD Billion [+]
NFIB Business Optimism Index 101.80 101.70 108.80 80.10 Index Points [+]
Ism New York Index 66.90 61.10 88.80 23.40 percent [+]
Philadelphia Fed Manufacturing Index 8.50 13.70 58.50 -57.90 Index Points [+]
NY Empire State Manufacturing Index 10.10 3.70 39.00 -34.40 Index Points [+]
Richmond Fed Manufacturing Index 10.00 16.00 29.00 -44.00 Index Points [+]
Chicago Fed National Activity Index -0.29 -0.25 2.78 -5.25 [+]
Dallas Fed Manufacturing Index 8.30 13.10 47.10 -60.10 Index Points [+]
Chicago Pmi 58.70 64.70 78.60 21.20 Index Points [+]
Car Production 2.64 2.61 9.92 1.29 Million Units [+]
Car Registrations 389.93 445.50 1149.00 331.50 Thousand [+]
Total Vehicle Sales 17.45 16.57 21.77 9.05 Million [+]
Crude Oil Stocks Change -1.40 7.03 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change 92.00 25.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change -1174.00 -7710.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 125.56 125.17 125.56 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 -3.10 4.09 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 825.00 833.00 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 6896.00 7647.00 11951.00 3799.00 Thousand Tonnes [+]
Mining Production 10.50 12.70 108.20 -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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
56.10 59.70 62.00 37.80 1997 - 2019 Monthly
SA




Country Last Previous
China 54.80 Mar/19
Japan 21.00 Mar/19
United States 56.10 Mar/19


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