United States ISM Non Manufacturing PMI

The ISM Non-Manufacturing PMI index for the United States slumped to 56.1 in March of 2019 from 59.7 in February, below market expectations of 58. The reading pointed to the weakest expansion in the services sector since August of 2017, amid a slowdown in production and new orders. Respondents remain mostly optimistic about overall business conditions and the economy but concerns remain about employment resources and capacity constraints. 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 54.20 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 in 2020, according to our econometric models.

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US Services Growth Lowest since 2017: ISM

The ISM Non-Manufacturing PMI index for the United States slumped to 56.1 in March of 2019 from 59.7 in February, below market expectations of 58. The reading pointed to the weakest expansion in the services sector since August of 2017, amid a slowdown in production and new orders. Respondents remain mostly optimistic about overall business conditions and the economy but concerns remain about employment resources and capacity constraints.

Slower increases were seen in business activity/production (57.4 from 64.7 in February), new orders (59 from 65.2), supplier deliveries (52 from 53.5) and new export orders (52.5 from 55). Also, inventories stalled (50 from 51) and price pressures intensified (58.7 from 54.4). On the other hand, employment (55.9 from 55.2) and backlogs of orders (56.5 from 55.5) rose faster.

The 16 non-manufacturing industries reporting growth in March — listed in order — are: Construction; Other Services; Professional, Scientific & Technical Services; Health Care & Social Assistance; Accommodation & Food Services; Public Administration; Mining; Management of Companies & Support Services; Agriculture, Forestry, Fishing & Hunting; Transportation & Warehousing; Real Estate, Rental & Leasing; Information; Arts, Entertainment & Recreation; Utilities; Finance & Insurance; and Wholesale Trade. The two industries that contracted in March are: Educational Services; and Retail Trade.

ISM | Joana Taborda | joana.taborda@tradingeconomics.com
4/3/2019 2:20:35 PM

News

US Services Growth Beat Forecasts: ISM
The ISM Non-Manufacturing PMI index for the United States jumped to 59.7 in February of 2019 from 56.7 in January, beating market expectations of 57.3. The reading pointed to the strongest expansion in the services sector in three months, as business activity, new orders and employment rose faster. Service providers remained mostly optimistic about overall business conditions and the economy but showed concerns about the uncertainty of tariffs, capacity constraints and employment resources.
Published on 2019-03-05

US Services Growth Slows for 2nd Month: ISM
The ISM Non-Manufacturing PMI index for the United States fell to 56.7 in January of 2019 from 58 in December and below market expectations of 57.2. The reading pointed to the weakest expansion in the services sector in six months. While respondents showed concerns about the impacts of the government shutdown they remain mostly optimistic about overall business conditions.
Published on 2019-02-05

US Services Growth Below Forecasts: ISM
The ISM Non-Manufacturing PMI index for the United States fell to 57.6 in December of 2018 from 60.7 in November and below market expectations of 59. The reading pointed to the weakest expansion in the services sector in five months, amid a slowdown in business activity, employment, inventories and supplier deliveries.
Published on 2019-01-07

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.
Published on 2018-12-06

United States Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	55.30	54.20	77.50	29.40	Index Points	[+]
Manufacturing PMI	52.40	52.40	57.90	50.70		[+]
Services PMI	52.90	55.30	61.00	49.30	Index Points	[+]
Non Manufacturing PMI	56.10	59.70	62.00	37.80		[+]
Composite Pmi	52.80	54.60	61.00	50.00	Index Points	[+]
Industrial Production	2.80	3.50	62.00	-33.70	percent	[+]
Industrial Production Mom	-0.10	0.10	16.60	-10.40	percent	[+]
Manufacturing Production	1.00	1.10	67.90	-39.40	percent	[+]
Capacity Utilization	78.80	79.00	89.39	66.69	percent	[+]
Durable Goods Orders	-1.60	0.10	23.50	-19.00	percent	[+]
Durable Goods Orders Ex Defense	-1.90	0.40	26.00	-19.70	percent	[+]
Durable Goods Orders Ex Transportation	0.10	-0.10	7.50	-6.80	percent	[+]
Factory Orders Ex Transportation	0.30	-0.10	4.60	-7.20	percent	[+]
New Orders	497474.00	500479.00	565232.00	223500.00	USD Million	[+]
Factory Orders	-0.50	0.00	10.60	-10.00	percent	[+]
Business Inventories	0.30	0.90	1.30	-2.00	percent	[+]
Changes in Inventories	96.80	89.77	166.37	-245.13	USD Billion	[+]
Wholesale Inventories	0.20	1.20	2.10	-2.00	percent	[+]
Bankruptcies	22232.00	22103.00	82446.00	19695.00	Companies	[+]
Corporate Profits	2076.20	2076.82	2076.82	14.70	USD Billion	[+]
NFIB Business Optimism Index	101.80	101.70	108.80	80.10	Index Points	[+]
Ism New York Index	66.90	61.10	88.80	23.40	percent	[+]
Philadelphia Fed Manufacturing Index	8.50	13.70	58.50	-57.90	Index Points	[+]
NY Empire State Manufacturing Index	10.10	3.70	39.00	-34.40	Index Points	[+]
Richmond Fed Manufacturing Index	10.00	16.00	29.00	-44.00	Index Points	[+]
Chicago Fed National Activity Index	-0.29	-0.25	2.78	-5.25		[+]
Dallas Fed Manufacturing Index	8.30	13.10	47.10	-60.10	Index Points	[+]
Chicago Pmi	58.70	64.70	78.60	21.20	Index Points	[+]
Car Production	2.64	2.61	9.92	1.29	Million Units	[+]
Car Registrations	389.93	445.50	1149.00	331.50	Thousand	[+]
Total Vehicle Sales	17.45	16.57	21.77	9.05	Million	[+]
Crude Oil Stocks Change	-1.40	7.03	14.42	-15.22	BBL/1Million	[+]
Natural Gas Stocks Change	92.00	25.00	147.00	-359.00	Billion cf	[+]
Gasoline Stocks Change	-1174.00	-7710.00	11456.00	-8428.00	Thousand Barrels	[+]
Leading Economic Index	125.56	125.17	125.56	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	-3.10	4.09	14.30	-12.40	BBL/1Million	[+]
Crude Oil Rigs	825.00	833.00	1609.00	98.00		[+]
Corruption Index	71.00	75.00	78.00	71.00	Points	[+]
Corruption Rank	22.00	16.00	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	6896.00	7647.00	11951.00	3799.00	Thousand Tonnes	[+]
Mining Production	10.50	12.70	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 April of 2019.