The IHS Markit US Services PMI declined to 50.9 in August 2019 from 53 in July and market consensus of 52.8, a flash estimate showed. New orders increased at the weakest pace since March 2016, amid subdued demand conditions. Also, backlogs of work dropped for the first time in 2019 to date. Looking ahead, expectations for the next 12 months slowed to its lowest since series began nearly a decade ago. Services PMI in the United States is reported by Markit Economics.

Services PMI in the United States is expected to be 52.40 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in the United States to stand at 51.50 in 12 months time. In the long-term, the United States Services PMI is projected to trend around 52.10 Index Points in 2020, according to our econometric models.

United States Services PMI
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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 [+]


United States Services PMI

Markit US Services PMI (Purchasing Managers' Index) is based on data collected from a representative panel of over 400 private sector companies covering transport and communication, financial intermediaries, business and personal services, computing & IT and hotels and restaurants. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. . This page provides the latest reported value for - United States Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Services PMI - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
50.90 53.00 61.00 49.30 2013 - 2019 Index Points Monthly




Country Last Previous
Australia 43.90 Jul/19
Brazil 52.20 Jul/19
China 51.60 Jul/19
Euro Area 53.40 Aug/19
France 53.30 Aug/19
Germany 54.40 Aug/19
India 53.80 Jul/19
Italy 51.70 Jul/19
Japan 53.40 Aug/19
Russia 50.40 Jul/19
Spain 52.90 Jul/19
United Kingdom 51.40 Jul/19
United States 50.90 Aug/19


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