The IHS Markit US Services PMI came in at 54.7 in November 2018, above a preliminary estimate of 54.4 and broadly in line with 54.8 seen in October. New order growth eased to a 13-month low and the pace of job creation was the slowest since June 2017 while outstanding business rose only modestly. Still, new export business increased the most since May as foreign demand strengthened. On the price front, input cost inflation picked up from the previous month on higher fuel and labour costs, and output charges rose sharply. Looking ahead, service sector firms expressed a lower degree of optimism towards future business activity growth in November. Services PMI in the United States is reported by Markit Economics.

Services PMI in the United States is expected to be 53.40 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 55.30 in 12 months time. In the long-term, the United States Services PMI is projected to trend around 54.80 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 59.30 57.70 77.50 29.40 Index Points [+]
Manufacturing PMI 55.30 55.70 57.90 50.70 [+]
Services PMI 54.70 54.80 61.00 49.30 Index Points [+]
Non Manufacturing PMI 60.70 60.30 62.00 37.60 [+]
Composite Pmi 54.70 54.90 61.00 50.00 Index Points [+]
Industrial Production 4.10 5.60 62.00 -33.70 percent [+]
Industrial Production Mom 0.10 0.20 16.60 -10.40 percent [+]
Manufacturing Production 2.70 3.80 67.90 -39.40 percent [+]
Capacity Utilization 78.40 78.50 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 0.30 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 107.40 107.90 108.80 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 23.30 21.10 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 2.64 2.78 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 -7.32 3.58 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change -63.00 -59.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change 1699.00 -764.00 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 5.36 3.45 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 877.00 887.00 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 13.10 15.10 108.20 -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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
54.70 54.80 61.00 49.30 2013 - 2018 Index Points Monthly




Country Last Previous
Australia 55.10 Nov/18
Brazil 51.30 Nov/18
China 53.80 Nov/18
Euro Area 53.40 Nov/18
France 55.10 Nov/18
Germany 53.30 Nov/18
India 53.70 Nov/18
Italy 50.30 Nov/18
Japan 52.30 Nov/18
Russia 55.60 Nov/18
Spain 54.00 Nov/18
United Kingdom 50.40 Nov/18
United States 54.70 Nov/18


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