The ISM Services PMI unexpectedly increased to 56.7 in July of 2022, the highest in 3-months, from 55.3 in June and beating market forecasts of 53.5. Faster increases were seen for production (59.9 vs 56.1) and new orders (59.9 vs 55.6) while employment fell less (49.1 vs 47.4) and price pressures eased (72.3 vs 80.1). On the other hand, inventories fell at a faster pace (45 vs 47.5). "Availability issues with overland trucking, a restricted labor pool, various material shortages and inflation continue to be impediments for the services sector”, Anthony Nieves, Chair of the Institute for Supply Management said. source: Institute for Supply Management

Non Manufacturing PMI in the United States averaged 54.99 points from 1997 until 2022, reaching an all time high of 69.10 points in November 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 August of 2022.

Non Manufacturing PMI in the United States is expected to be 53.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States ISM Non Manufacturing PMI is projected to trend around 52.00 points in 2023, according to our econometric models.

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United States ISM Non Manufacturing PMI



Related Last Previous Unit Reference
Non Manufacturing PMI 56.70 55.30 points Jul 2022
Business Confidence 52.80 53.00 points Jul 2022
Factory Orders Ex Transportation 1.40 1.80 percent Jun 2022
Factory Orders 2.00 1.80 percent Jun 2022
Ism New York Index 37.20 35.50 percent Mar 2021
Chicago PMI 52.10 56.00 points Jul 2022
ISM Non Manufacturing Prices 72.30 80.10 points Jul 2022
ISM Non Manufacturing New Orders 59.90 55.60 points Jul 2022
ISM Non Manufacturing Employment 49.10 47.40 points Jul 2022
ISM Non Manufacturing Business Activity 59.90 56.10 points Jul 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
56.70 55.30 69.10 37.80 1997 - 2022 points Monthly
SA

News Stream
US Services Activity Grows More Than Expected
The ISM Services PMI unexpectedly increased to 56.7 in July of 2022, the highest in 3-months, from 55.3 in June and beating market forecasts of 53.5. Faster increases were seen for production (59.9 vs 56.1) and new orders (59.9 vs 55.6) while employment fell less (49.1 vs 47.4) and price pressures eased (72.3 vs 80.1). On the other hand, inventories fell at a faster pace (45 vs 47.5). "Availability issues with overland trucking, a restricted labor pool, various material shortages and inflation continue to be impediments for the services sector”, Anthony Nieves, Chair of the Institute for Supply Management said.
2022-08-03
US ISM Services PMI Beats Forecasts
The ISM Services PMI edged lower to 55.3 in June of 2022 from 55.9 in May, but continued to point to strong growth for the services sector, beating market forecast of 54.3. The slight slowdown was due to softer new orders (55.6 vs 57.6) and a fall in employment (47.4 vs 50.2) while business activity rose faster (56.1 vs 54.4) and price pressures eased for a second month (80.1 vs 82.1). At the same time inventories contracted for the first time since January 2022 (47.5 vs 51). Still, the outlook remains challenging as "logistical challenges, a restricted labor pool, material shortages, inflation, the coronavirus pandemic and the war in Ukraine continue to negatively impact the services sector”, according to Anthony Nieves, Chair of the ISM Services Business Survey Committee. The Inventory Sentiment Index (46.2 vs 44.5) contracted in June for the fourth consecutive month, indicating that inventories are in ‘too low’ territory and insufficient for current business requirements.
2022-07-06
US Services Sector Expands the Least in 15-Months
The ISM Services PMI fell to 55.9 in May of 2022 from 57.1 in April, below market forecasts of 56.4 and pointing to the slowest expansion in the services sector since February of 2021. Production (54.5 vs 59.1), inventories (51 vs 52.3), and backlog of orders (52 vs 59.4) increased less than in April, but employment rebounded faster (50.2 vs 49.5) and new orders accelerated (57.6 vs 54.6). Meanwhile, prices eased from record levels but remained elevated (82.1 vs 84.6). "COVID-19 continues to disrupt the services sector, as well as the war in Ukraine. Labor is still a big issue, prices continue to increase" and businesses struggle to replenish inventories, according to Anthony Nieves, Chair of the ISM Services Business Survey Committee
2022-06-03