United States Services PMI - Forecast

Services PMI in the United States is expected to be 54.00 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 53.10 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Business Confidence 58.7 57 55 54 53 52
Manufacturing PMI 56.4 55.3 53.8 53 52.1 53
Services PMI 56.8 54 53.6 53.4 53.1 54.8
Non Manufacturing PMI 58.6 56 54 54.6 54 52
Composite Pmi 56.6 54 53.8 53.3 55.2 55.1
Industrial Production 3.5 3.9 3.5 3 2.9 1.1
Industrial Production Mom -0.1 0.5 0.3 0.4 0.3 0.2
Manufacturing Production 1.7 3 2.8 2.1 1.8 1.9
Capacity Utilization 77.9 78.2 78.6 78.3 78.5 78
Durable Goods Orders -1.7 0.74 0.41 -0.3 0.33 0.4
Durable Goods Orders Ex Defense -1.9 1.24 0.6 0.39 0.34 0.33
Durable Goods Orders Ex Transportation 0.9 0.27 0.25 0.25 0.25 0.1
Factory Orders Ex Transportation 0.4 0.36 0.3 0.27 0.27 0.26
New Orders 494448 500560 499170 498805 498716 498685
Factory Orders -0.8 0.57 0.33 0.1 0.28 0.2
Business Inventories 0.3 0.4 0.3 -0.2 0.4 0.2
Changes in Inventories 20.18 7.5 19.5 69 20.66 75
Wholesale Inventories 0.1 0.4 0.5 0.5 0.3 0.2
Bankruptcies 23106 24211 25056 26033 27097 37893
Corporate Profits 1872 1867 1890 1902 1914 2043
NFIB Business Optimism Index 108 105 102 103 107 97
Ism New York Index 56.4 59.4 56.8 55 56 55.9
Philadelphia Fed Manufacturing Index 34.4 20 21 21 25 16
NY Empire State Manufacturing Index 25 20 18 21 19 10
Richmond Fed Manufacturing Index 16 14 20 5 10 3
Chicago Fed National Activity Index 0.34 0.4 0.15 0.9 0.7 0.05
Dallas Fed Manufacturing Index 26.8 33.6 31.4 27.9 20.1 12
Chicago Pmi 62.7 58.6 59 59.1 61 56
Car Production 2.7 3.89 2.87 3.97 2.91 4.04
Car Registrations 523 560 523 495 504 504
Total Vehicle Sales 16.91 18 17.07 19.4 17.07 18.7
Crude Oil Stocks Change -5.91 -0.79 0.07 -2 0.07 0.1
Natural Gas Stocks Change 96 101 104 104 104 104
Gasoline Stocks Change 3277 201 -500 1000 20.37 500
Leading Economic Index 123 110 102 96.89 93.48 87.53
Internet Speed 18748 21703 21935 22058 22112 20025
IP Addresses 128949703 129416277 129348765 129285167 129225110 128764224
API Crude Oil Stock Change -3.02 -0.7 0.23 0.27 0.27 0.3
Crude Oil Rigs 863 869 887 892 894 895
Corruption Index 75 74 74 74 75 76
Corruption Rank 16 16 17 16 17 16
Competitiveness Index 5.85 5.85 5.85 5.85 5.9 5.85
Competitiveness Rank 2 3 2 3 2 3
Ease of Doing Business 6 6 6 6 6 6
Steel Production 6930 7163 6977 6870 7146 7150
Mining Production 12.6 12.4 12.5 11 9 4