United States ISM Non Manufacturing PMI

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.

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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

Recent Releases

US Services Rise at Record Pace
The ISM Non-Manufacturing PMI index for the United States rose to 61.6 in September of 2018 from 58.5 in August, beating market expectations of 58. The reading pointed to a record growth in the services sector. Overall, companies remain positive about business conditions and the current and future economy. Concerns remain about capacity, logistics and the uncertainty with global trade.
Published on 2018-10-03

US Services Grew for 103rd Consecutive Month: ISM
The ISM Non-Manufacturing PMI index rose to 58.5 in August from 55.7 in July, beating expectations of 56.8. Production, new orders, employment, business activity, backlogs of orders and new export orders rose faster while supplier deliveries and price pressures eased.
Published on 2018-09-06

US Services Growth Lowest in a Year: ISM
The ISM Non-Manufacturing PMI index for the United States fell to 55.7 in July of 2018 from 59.1 in June, well below market expectations of 58.6. It is the lowest reading since August of 2017. Although most firms remain positive about business conditions and the economy, tariffs and deliveries are an ongoing concern.
Published on 2018-08-03

US Services Growth at 4-Month High: ISM
The ISM Non-Manufacturing PMI index for the United States rose to 59.1 in June of 2018 from 58.6 in May, beating market forecasts of 58.3. It is the highest reading since February as business activity and new orders rose faster and price pressures eased. Companies continue to be optimistic about business conditions and the overall economy although there is a continuing concern relating to tariffs, capacity constraints and delivery.
Published on 2018-07-05

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	-4.40	-0.10	23.50	-19.00	percent	[+]
Durable Goods Orders Ex Defense	-1.20	-1.40	26.00	-19.70	percent	[+]
Durable Goods Orders Ex Transportation	0.10	-0.60	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	4.85	10.27	14.42	-15.22	BBL/1Million	[+]
Natural Gas Stocks Change	-134.00	39.00	147.00	-359.00	Billion cf	[+]
Gasoline Stocks Change	-1295.00	-1411.00	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	-1.55	8.79	14.30	-12.40	BBL/1Million	[+]
Crude Oil Rigs	885.00	888.00	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	[+]

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.