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. source: Institute for Supply Management

Non Manufacturing PMI in the United States averaged 54.60 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 November of 2020.

Non Manufacturing PMI in the United States is expected to be 52.00 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 51.00 in 12 months time. In the long-term, the United States ISM Non Manufacturing PMI is projected to trend around 50.00 points in 2021 and 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
56.60 57.80 62.00 37.80 1997 - 2020 points Monthly
SA


News Stream
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
US Services Sector Slows in Line with Forecasts: ISM
The ISM Non-Manufacturing PMI for the US fell to 56.9 in August of 2020 from 58.1 in the previous month and in line with market expectations of 57. Still, the reading pointed to the third straight month of expansion in the non-manufacturing sector as the economy recovers from the coronavirus hit. Slower increases were seen for business activity (62.4 vs 67.2) and new orders (56.8 vs 67.7) and prices increased the most since November of 2018 (64.2 vs 57.6). Also, employment fell less (47.9 vs 42.1). "Respondents’ comments are mostly optimistic and industry specific about business conditions and the economy as businesses are starting to reopen. Industries that have not reopened remain concerned about the ongoing uncertainty. There is a challenge with capacity and logistics due to the pandemic and the impact on deliveries and order fulfilment,” says Anthony Nieves, Chair of the ISM.
2020-09-03
US Service Sector Growth Hits 1-1/2-Year High
The ISM Non-Manufacturing PMI for the US jumped to 58.1 in July 2020 from 57.1 in the previous month and above market expectations of 55.0. The latest reading pointed to the steepest month of expansion in the service sector since February 2019 as the economy recovers from the coronavirus hit. Business activity grew the most since January 2004 (67.2 vs 66.0 in June) and new orders rose the most on record (67.7 vs 61.6), while the rate of job shedding accelerated (42.1 vs 43.1).
2020-08-05

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.