The ISM Non-Manufacturing PMI for the US increased to 55 in December of 2019 from 53.9 in November, slightly beating market forecasts of 54.5. The reading pointed to the biggest expansion in the services sector in four months as production and inventories rose faster while new orders, new export orders and employment slowed. Companies are positive about the potential resolution on tariffs and capacity constraints have eased a bit although difficulties with labour resources remain, according to Anthony Nieves, Chair of the ISM.

Non Manufacturing PMI in the United States averaged 54.63 points from 1997 until 2019, 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. source: Institute for Supply Management

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 52.00 in 12 months time. In the long-term, the United States ISM Non Manufacturing PMI is projected to trend around 50.00 points in 2020, according to our econometric models.

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United States ISM Non Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
55.00 53.90 62.00 37.80 1997 - 2019 points Monthly

News Stream
US Services Slow More than Expected: ISM
The ISM Non-Manufacturing PMI for the US fell to 53.9 in November of 2019 from 54.7 in the previous month and below market expectations of 54.5. Business activity slowed sharply while new orders and employment increased faster. Service providers hope for a resolution on tariffs and continue to be hampered by constraints in labor resources.

US Services Activity Growth Above Forecast: ISM
The ISM Non-Manufacturing PMI for the US rose to 54.7 in October 2019 from a near three-year low of 52.6 in the previous month and above market consensus of 53.5. Business activity, employment and new orders all grew at faster rates.

US Services Growth Weakest in 3 Years: ISM
The ISM Non-Manufacturing PMI for the US slumped to 52.6 in September from 56.4 in the previous month and well below market consensus of 55.0. It was the lowest reading since August 2016, with firms mostly concerned about tariffs, labor resources and the direction of the economy. New order growth slipped to a three-year low while the pace of job creation was the weakest since February 2014.

US Services Sector Recovers in August: ISM
The ISM Non-Manufacturing PMI for the United States rose to 56.4 in August 2019 rebounding from a three-year low of 53.7 in the previous month and beating market consensus of 54. The latest reading pointed to the strongest expansion in services in three months, as new orders increased at the fastest pace since February and business activity grew the most since 2008.

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.