The ISM Non-Manufacturing PMI index for the United States fell to 60.3 in October of 2018 from 61.6 in September, beating market expectations of 59.3. Production, new orders and employment slowed although general growth in the services sector remained strong. There are continued concerns about capacity, logistics and tariffs although the respondents are positive about current business conditions. 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 54.60 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 56.00 in 12 months time. In the long-term, the United States ISM Non Manufacturing PMI is projected to trend around 52.00 in 2020, according to our econometric models.

United States ISM Non Manufacturing PMI
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US Services Slow Less than Expected: ISM


The ISM Non-Manufacturing PMI index for the United States fell to 60.3 in October of 2018 from 61.6 in September, beating market expectations of 59.3. Production, new orders and employment slowed although general growth in the services sector remained strong. There are continued concerns about capacity, logistics and tariffs although the respondents are positive about current business conditions.

Slowdowns were seen in production (62.5 from 65.2), new orders (61.5 from 61.6), employment (59.7 from 62.4) and backlogs of orders (53.5 from 58.5). On the other hand, price pressures eased (61.7 from 64.2), supplier deliveries went up (57.5 from 57), inventories rose faster (56 from 54.5) and new export orders growth was steady (at 61). 

The 17 non-manufacturing industries reporting growth in October — listed in order — are: Real Estate, Rental & Leasing; Information; Transportation & Warehousing; Utilities; Arts, Entertainment & Recreation; Professional, Scientific & Technical Services; Construction; Health Care & Social Assistance; Management of Companies & Support Services; Wholesale Trade; Public Administration; Agriculture, Forestry, Fishing & Hunting; Accommodation & Food Services; Mining; Finance & Insurance; Retail Trade; and Other Services. The only industry reporting a decrease in October is Educational Services.


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
11/5/2018 3:10:36 PM



United States Business Last Previous Highest Lowest Unit
Business Confidence 57.70 59.80 77.50 29.40 Index Points [+]
Manufacturing PMI 55.70 55.60 57.90 50.70 [+]
Services PMI 54.80 53.50 61.00 49.30 Index Points [+]
Non Manufacturing PMI 60.30 61.60 62.00 37.60 [+]
Composite Pmi 54.90 53.90 61.00 50.00 Index Points [+]
Industrial Production 4.10 5.60 62.00 -33.70 percent [+]
Industrial Production Mom 0.10 0.20 16.60 -10.40 percent [+]
Manufacturing Production 2.70 3.80 67.90 -39.40 percent [+]
Capacity Utilization 78.40 78.50 89.39 66.71 percent [+]
Durable Goods Orders 0.80 4.60 23.50 -19.00 percent [+]
Durable Goods Orders Ex Defense -0.60 2.50 26.00 -19.70 percent [+]
Durable Goods Orders Ex Transportation 0.10 0.30 7.50 -6.80 percent [+]
Factory Orders Ex Transportation 0.40 0.40 4.60 -7.20 percent [+]
New Orders 515334.00 510466.00 565232.00 223500.00 USD Million [+]
Factory Orders 0.70 2.60 10.60 -10.00 percent [+]
Business Inventories 0.30 0.50 1.30 -2.00 percent [+]
Changes in Inventories 76.33 -36.81 166.37 -245.13 USD Billion [+]
Wholesale Inventories 0.40 0.90 2.10 -2.00 percent [+]
Bankruptcies 22103.00 22245.00 82446.00 19695.00 Companies [+]
Corporate Profits 2007.53 1965.29 2007.53 14.70 USD Billion [+]
NFIB Business Optimism Index 107.40 107.90 108.80 80.10 Index Points [+]
Ism New York Index 69.80 72.50 88.80 23.40 percent [+]
Philadelphia Fed Manufacturing Index 12.90 22.20 58.50 -57.90 Index Points [+]
NY Empire State Manufacturing Index 23.30 21.10 39.00 -35.10 Index Points [+]
Richmond Fed Manufacturing Index 15.00 29.00 29.00 -44.00 Index Points [+]
Chicago Fed National Activity Index 0.17 0.27 2.77 -5.22 [+]
Dallas Fed Manufacturing Index 29.40 28.10 47.10 -60.10 Index Points [+]
Chicago Pmi 58.40 60.40 81.00 20.70 Index Points [+]
Car Production 2.64 2.78 9.92 1.29 Million Units [+]
Car Registrations 443.14 445.58 1149.00 331.50 Thousand [+]
Total Vehicle Sales 17.57 17.44 21.77 9.05 Million [+]
Crude Oil Stocks Change 10.27 5.78 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change 39.00 65.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change -1411.00 1852.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 124.26 123.89 124.26 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 8.79 7.83 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 888.00 886.00 1609.00 98.00 [+]
Corruption Index 75.00 74.00 78.00 71.00 Points [+]
Corruption Rank 16.00 18.00 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 7251.00 7461.00 11951.00 3799.00 Thousand Tonnes [+]
Mining Production 13.10 15.10 108.20 -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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
60.30 61.60 62.00 37.60 1997 - 2018 Monthly
SA




Country Last
China 53.90 Oct/18
Japan 22.00 Sep/18
United States 60.30 Oct/18


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