United States ISM Non Manufacturing PMI

The ISM Non-Manufacturing PMI index for the United States edged up to 60.7 in November of 2018 from 60.3 in October, beating market expectations of 59.2. The non-manufacturing sector continued to reflect strong growth in November although concerns persist about employment resources and the impact of tariffs. Yet, respondents remain positive about current business conditions and the direction of the economy. 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 Growth Beats Forecasts: ISM

The ISM Non-Manufacturing PMI index for the United States edged up to 60.7 in November of 2018 from 60.3 in October, beating market expectations of 59.2. The non-manufacturing sector continued to reflect strong growth in November although concerns persist about employment resources and the impact of tariffs. Yet, respondents remain positive about current business conditions and the direction of the economy.

Faster increases were seen in business activity/production (65.2 from 62.5), new orders (62.5 from 61.5), invesntories (57.5 from 56) and backlogs of orders (55.5 from 53.5). On the other hand, employment (58.4 from 59.7), supplier deliveries (56.5 from 57.5) and new export orders (57.5 from 61) slowed and price pressures intensified (64.3 from 61.7).

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

ISM | Joana Taborda | joana.taborda@tradingeconomics.com
12/6/2018 3:09:32 PM

Recent Releases

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.
Published on 2018-11-05

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

United States Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	59.30	57.70	77.50	29.40	Index Points	[+]
Manufacturing PMI	53.90	55.30	57.90	50.70		[+]
Services PMI	53.40	54.70	61.00	49.30	Index Points	[+]
Non Manufacturing PMI	60.70	60.30	62.00	37.60		[+]
Composite Pmi	53.60	54.70	61.00	50.00	Index Points	[+]
Industrial Production	3.90	3.80	62.00	-33.70	percent	[+]
Industrial Production Mom	0.60	-0.20	16.60	-10.40	percent	[+]
Manufacturing Production	2.00	2.20	67.90	-39.40	percent	[+]
Capacity Utilization	78.50	78.10	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	0.30	0.10	4.60	-7.20	percent	[+]
New Orders	502677.00	515334.00	565232.00	223500.00	USD Million	[+]
Factory Orders	-2.10	0.20	10.60	-10.00	percent	[+]
Business Inventories	0.60	0.50	1.30	-2.00	percent	[+]
Changes in Inventories	86.65	-36.81	166.37	-245.13	USD Billion	[+]
Wholesale Inventories	0.80	0.70	2.10	-2.00	percent	[+]
Bankruptcies	22103.00	22245.00	82446.00	19695.00	Companies	[+]
Corporate Profits	2073.50	2007.53	2073.50	14.70	USD Billion	[+]
NFIB Business Optimism Index	104.80	107.40	108.80	80.10	Index Points	[+]
Ism New York Index	67.80	69.80	88.80	23.40	percent	[+]
Philadelphia Fed Manufacturing Index	12.90	22.20	58.50	-57.90	Index Points	[+]
NY Empire State Manufacturing Index	10.90	23.30	39.00	-35.10	Index Points	[+]
Richmond Fed Manufacturing Index	14.00	15.00	29.00	-44.00	Index Points	[+]
Chicago Fed National Activity Index	0.24	0.14	2.77	-5.22		[+]
Dallas Fed Manufacturing Index	17.60	29.40	47.10	-60.10	Index Points	[+]
Chicago Pmi	66.40	58.40	81.00	20.70	Index Points	[+]
Car Production	2.71	2.64	9.92	1.29	Million Units	[+]
Car Registrations	436.69	443.14	1149.00	331.50	Thousand	[+]
Total Vehicle Sales	17.49	17.57	21.77	9.05	Million	[+]
Crude Oil Stocks Change	-1.21	-7.32	14.42	-15.22	BBL/1Million	[+]
Natural Gas Stocks Change	-77.00	-63.00	147.00	-359.00	Billion cf	[+]
Gasoline Stocks Change	2087.00	1699.00	11456.00	-8428.00	Thousand Barrels	[+]
Leading Economic Index	124.54	124.26	124.54	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	-10.18	5.36	14.30	-12.40	BBL/1Million	[+]
Crude Oil Rigs	873.00	877.00	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	7571.00	7251.00	11951.00	3799.00	Thousand Tonnes	[+]
Mining Production	13.20	13.60	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 December of 2018.