The ISM Non-Manufacturing PMI fell to 56.6 in October of 2020 from 57.8 in September and lower than market forecasts of 57.5. The reading pointed to the fifth straight month of expansion in the services sector but the lowest growth since May. A slowdown was seen in production (61.2 vs 63), new orders (58.8 vs 61.5), employment (50.1 vs 51.8) and supplier deliveries (56.2 vs 54.9). In contrast, inventories rebounded (53.1 vs 48.8), new export orders increased faster (53.7 vs 52.6) and price pressures intensified (63.9 vs 59). "Respondents’ comments are cautiously optimistic about business conditions and the economy. There is a degree of uncertainty due to the pandemic, capacity constraints, logistics and the elections,” Anthony Nieves, Chair of the ISM Services Business Survey Committee said. source: Institute for Supply Management
Non Manufacturing PMI in the United States averaged 54.60 points from 1997 until 2020, 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. United States ISM Non Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
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 51.00 in 12 months time. In the long-term, the United States ISM Non Manufacturing PMI is projected to trend around 50.00 points in 2021 and 52.00 points in 2022, according to our econometric models.