United States ISM Non Manufacturing PMI

The ISM Non-Manufacturing PMI for the United States dropped to 53.7 in July 2019 from 55.1 in the previous month and below market expectations of 55.5. The latest reading pointed to the weakest pace of expansion in the non-manufacturing sector since August 2016, as business activity and new orders grew at a softer pace. 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 56.00 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 Non Manufacturing Sector Growth Slows to 3-Year Low

The ISM Non-Manufacturing PMI for the United States dropped to 53.7 in July 2019 from 55.1 in the previous month and below market expectations of 55.5. The latest reading pointed to the weakest pace of expansion in the non-manufacturing sector since August 2016, as business activity and new orders grew at a softer pace.

There was a slowdown in business activity (53.1 vs 58.2 in June), new orders (54.1 vs 55.8), and prices paid (56.5 vs 58.9). Meanwhile, employment growth accelerated (56.2 vs 55.0).

According to the NMI®, 13 non-manufacturing industries reported growth. The non-manufacturing sector’s rate of growth continued to cool off. Respondents indicated ongoing concerns related to tariffs and employment resources. Comments remained mixed about business conditions and the overall economy.”

The 13 non-manufacturing industries reporting growth in July — listed in order — are: Accommodation & Food Services; Utilities; Professional, Scientific & Technical Services; Real Estate, Rental & Leasing; Transportation & Warehousing; Construction; Information; Other Services; Finance & Insurance; Public Administration; Management of Companies & Support Services; Mining; and Health Care & Social Assistance. The five industries reporting a decrease are: Arts, Entertainment & Recreation; Agriculture, Forestry, Fishing & Hunting; Retail Trade; Wholesale Trade; and Educational Services.

ISM | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/5/2019 2:07:20 PM

News

US Non-Manufacturing Growth Slows to 2-Year Low
The ISM Non-Manufacturing PMI for the United States dropped to 55.1 in June 2019 from 56.9 in the previous month and below market expectations of 55.9. The latest reading pointed to the weakest pace of expansion in the non-manufacturing sector since July 2017.
Published on 2019-07-03

US Non-Manufacturing Activity Grows Faster in May
The ISM Non-Manufacturing PMI for the United States rose to a three-month high of 56.9 in May 2019 from 55.5 in the previous month and above market expectations of 55.5.
Published on 2019-06-05

US Services Activity Growth at 21-Month Low: ISM
The ISM Non-Manufacturing PMI index for the United States fell to 55.5 in April 2019 from 56.1 in March and below market expectations of 57. The latest reading pointed to weakest expansion in the services sector since July 2017, mainly due to a slowdown in new orders and employment. Service providers remained mostly optimistic about overall business conditions, still there are concerns regarding employment resources.
Published on 2019-05-03

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.
Published on 2019-04-03

United States Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	51.20	51.70	77.50	29.40	Index Points	[+]
Manufacturing PMI	49.90	50.40	57.90	49.90		[+]
Services PMI	50.90	53.00	61.00	49.30	Index Points	[+]
Non Manufacturing PMI	53.70	55.10	62.00	37.80		[+]
Composite Pmi	50.90	52.60	61.00	50.00	Index Points	[+]
Industrial Production	0.50	1.10	62.00	-33.70	percent	[+]
Industrial Production Mom	-0.20	0.20	16.60	-10.40	percent	[+]
Manufacturing Production	-0.50	0.30	67.90	-39.40	percent	[+]
Capacity Utilization	77.50	77.80	89.39	66.69	percent	[+]
Durable Goods Orders	2.00	-2.30	23.20	-18.40	percent	[+]
Durable Goods Orders Ex Defense	3.10	-1.20	25.50	-19.20	percent	[+]
Durable Goods Orders Ex Transportation	1.20	0.50	6.30	-10.20	percent	[+]
Factory Orders Ex Transportation	0.10	0.00	4.60	-7.00	percent	[+]
New Orders	493817.00	493569.00	565232.00	223500.00	USD Million	[+]
Factory Orders	0.60	-1.30	10.40	-9.70	percent	[+]
Business Inventories	0.00	0.30	1.30	-2.00	percent	[+]
Changes in Inventories	71.73	116.00	173.21	-245.13	USD Billion	[+]
Wholesale Inventories	0.00	0.40	2.10	-2.00	percent	[+]
Bankruptcies	22483.00	22157.00	82446.00	19695.00	Companies	[+]
Corporate Profits	2012.30	2076.20	2076.82	14.70	USD Billion	[+]
NFIB Business Optimism Index	104.70	103.30	108.80	80.10	Index Points	[+]
NY Empire State Manufacturing Index	4.80	4.30	39.00	-34.40	Index Points	[+]
Philadelphia Fed Manufacturing Index	16.80	21.80	58.50	-57.90	Index Points	[+]
Richmond Fed Manufacturing Index	-12.00	2.00	27.00	-44.00	Index Points	[+]
Ism New York Index	43.50	50.00	88.80	23.40	percent	[+]
Chicago Fed National Activity Index	-0.02	-0.03	2.79	-5.28		[+]
Dallas Fed Manufacturing Index	-6.30	-12.10	47.60	-59.90	Index Points	[+]
Chicago Pmi	44.40	49.70	78.60	21.20	Index Points	[+]
Car Production	2.67	2.62	9.92	1.29	Million Units	[+]
Car Registrations	465.92	432.61	1149.00	331.50	Thousand	[+]
Total Vehicle Sales	17.30	17.30	21.77	9.05	Million	[+]
Crude Oil Stocks Change	-2.73	1.58	14.42	-15.22	BBL/1Million	[+]
Natural Gas Stocks Change	59.00	49.00	147.00	-359.00	Billion cf	[+]
Gasoline Stocks Change	312.00	-1412.00	11456.00	-8428.00	Thousand Barrels	[+]
Leading Economic Index	128.29	127.88	128.29	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	-3.45	3.68	14.30	-12.40	BBL/1Million	[+]
Crude Oil Rigs	754.00	770.00	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	7276.00	7653.00	11951.00	3799.00	Thousand Tonnes	[+]
Kansas Fed Manufacturing Index	-2.00	-6.00	37.00	-32.00	Index Points	[+]
Mining Production	5.50	8.40	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 August of 2019.