The IHS Markit US Services was confirmed at a four-month low of 54.2 in January 2019, down slightly from 54.4 in December. The upturn in new business received by service providers was the joint-slowest since October 2017, with new export orders falling for the second successive month, and employment growth eased to the second-weakest since June 2017. On the price front, input cost inflation softened to a 22-month low while the rate of charge inflation picked up from December's 12-month low. Looking forward, firms registered a stronger degree of confidence towards business activity levels over the coming 12 months. Services PMI in the United States is reported by Markit Economics.

Services PMI in the United States is expected to be 53.10 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 52.20 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 56.60 54.30 77.50 29.40 Index Points [+]
Manufacturing PMI 54.90 53.80 57.90 50.70 [+]
Services PMI 54.20 54.40 61.00 49.30 Index Points [+]
Non Manufacturing PMI 56.70 58.00 62.00 37.80 [+]
Composite Pmi 54.40 54.40 61.00 50.00 Index Points [+]
Industrial Production 3.80 4.10 62.00 -33.70 percent [+]
Industrial Production Mom -0.60 0.10 16.60 -10.40 percent [+]
Manufacturing Production 2.90 3.20 67.90 -39.40 percent [+]
Capacity Utilization 78.22 78.83 89.39 66.71 percent [+]
Durable Goods Orders 0.80 -4.30 23.50 -19.00 percent [+]
Durable Goods Orders Ex Defense -0.10 -1.40 26.00 -19.70 percent [+]
Durable Goods Orders Ex Transportation -0.30 0.40 7.50 -6.80 percent [+]
Factory Orders Ex Transportation -1.30 0.20 4.60 -7.20 percent [+]
New Orders 499194.00 502677.00 565232.00 223500.00 USD Million [+]
Factory Orders -0.60 -2.10 10.60 -10.00 percent [+]
Business Inventories -0.10 0.60 1.30 -2.00 percent [+]
Changes in Inventories 89.77 -36.81 166.37 -245.13 USD Billion [+]
Wholesale Inventories 0.30 0.90 2.10 -2.00 percent [+]
Bankruptcies 22232.00 22103.00 82446.00 19695.00 Companies [+]
Corporate Profits 2076.82 2007.53 2076.82 14.70 USD Billion [+]
NFIB Business Optimism Index 101.20 104.40 108.80 80.10 Index Points [+]
Ism New York Index 63.40 65.40 88.80 23.40 percent [+]
Philadelphia Fed Manufacturing Index 17.00 9.10 58.50 -57.90 Index Points [+]
NY Empire State Manufacturing Index 8.80 3.90 39.00 -34.40 Index Points [+]
Richmond Fed Manufacturing Index -2.00 -8.00 29.00 -44.00 Index Points [+]
Chicago Fed National Activity Index 0.27 0.21 2.77 -5.22 [+]
Dallas Fed Manufacturing Index 1.00 -5.10 47.10 -60.10 Index Points [+]
Chicago Pmi 56.70 63.80 78.60 21.20 Index Points [+]
Car Production 2.61 3.00 9.92 1.29 Million Units [+]
Car Registrations 445.50 401.53 1149.00 331.50 Thousand [+]
Total Vehicle Sales 16.70 17.55 21.77 9.05 Million [+]
Crude Oil Stocks Change 3.63 1.26 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change -78.00 -237.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change 408.00 513.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 125.13 124.80 125.13 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 -1.00 2.51 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 857.00 854.00 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 7568.00 7425.00 11951.00 3799.00 Thousand Tonnes [+]
Mining Production 15.30 14.00 108.20 -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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
54.20 54.40 61.00 49.30 2013 - 2019 Index Points Monthly




Country Last Previous
Australia 44.30 Jan/19
Brazil 52.00 Jan/19
China 53.60 Jan/19
Euro Area 51.20 Jan/19
France 47.80 Jan/19
Germany 53.00 Jan/19
India 52.20 Jan/19
Italy 49.70 Jan/19
Japan 51.60 Jan/19
Russia 54.90 Jan/19
Spain 54.70 Jan/19
United Kingdom 50.10 Jan/19
United States 54.20 Jan/19


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