The ISM Services PMI fell to 55.9 in May of 2022 from 57.1 in April, below market forecasts of 56.4 and pointing to the slowest expansion in the services sector since February of 2021. Production (54.5 vs 59.1), inventories (51 vs 52.3), and backlog of orders (52 vs 59.4) increased less than in April, but employment rebounded faster (50.2 vs 49.5) and new orders accelerated (57.6 vs 54.6). Meanwhile, prices eased from record levels but remained elevated (82.1 vs 84.6). "COVID-19 continues to disrupt the services sector, as well as the war in Ukraine. Labor is still a big issue, prices continue to increase" and businesses struggle to replenish inventories, according to Anthony Nieves, Chair of the ISM Services Business Survey Committee. source: Institute for Supply Management

Non Manufacturing PMI in the United States averaged 54.98 points from 1997 until 2022, reaching an all time high of 69.10 points in November of 2021 and a record low of 37.80 points in November of 2008. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

Non Manufacturing PMI in the United States is expected to be 55.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States ISM Non Manufacturing PMI is projected to trend around 52.00 points in 2023, according to our econometric models.

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United States ISM Non Manufacturing PMI



Related Last Previous Unit Reference
Non Manufacturing PMI 55.90 57.10 points May 2022
Business Confidence 56.10 55.40 points May 2022
Factory Orders Ex Transportation 0.30 2.20 percent Apr 2022
Factory Orders 0.30 1.80 percent Apr 2022
Ism New York Index 37.20 35.50 percent Mar 2021
Chicago PMI 60.30 56.40 points May 2022
ISM Non Manufacturing Prices 82.10 84.60 points May 2022
ISM Non Manufacturing New Orders 57.60 54.60 points May 2022
ISM Non Manufacturing Employment 50.20 49.50 points May 2022
ISM Non Manufacturing Business Activity 54.50 59.10 points May 2022

United States ISM Non Manufacturing PMI
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.
Actual Previous Highest Lowest Dates Unit Frequency
55.90 57.10 69.10 37.80 1997 - 2022 points Monthly
SA

News Stream
US Services Sector Expands the Least in 15-Months
The ISM Services PMI fell to 55.9 in May of 2022 from 57.1 in April, below market forecasts of 56.4 and pointing to the slowest expansion in the services sector since February of 2021. Production (54.5 vs 59.1), inventories (51 vs 52.3), and backlog of orders (52 vs 59.4) increased less than in April, but employment rebounded faster (50.2 vs 49.5) and new orders accelerated (57.6 vs 54.6). Meanwhile, prices eased from record levels but remained elevated (82.1 vs 84.6). "COVID-19 continues to disrupt the services sector, as well as the war in Ukraine. Labor is still a big issue, prices continue to increase" and businesses struggle to replenish inventories, according to Anthony Nieves, Chair of the ISM Services Business Survey Committee
2022-06-03
US Services Growth Slows More than Expected: ISM
The ISM Services PMI for the US fell to 57.1 in April of 2022 from 58.3 in March and below forecasts of 58.5, mostly due to the restricted labor pool which caused employment to fall (49.5 vs 54) and the slowing of new orders growth (54.6 vs 60.1). Meanwhile, price pressures intensified (84.6 vs 83.8), backlog of orders eased (59.4 vs 64.5), supplier deliveries grew at a slower pace (65.1 vs 63.4) and production rose faster (59.1 vs 55.5). Although "business activity remains strong, high inflation, capacity constraints and logistical challenges are impediments, and the Russia-Ukraine war continues to affect material costs, most notably of fuel and chemicals", Anthony Nieves, chair of the ISM Services Business Survey Committee said.
2022-05-04
US Services Growth Picks Up in March
The ISM Services PMI for the US increased to 58.3 in March of 2022 from 56.5 in February, due to easing pandemic restrictions although rising costs, logistical challenges and supply strains persisted. Figures compare with market forecasts of 58.4. Faster increases were seen for business activity (55.5 vs 55.1) and new orders (60.1 vs 56.1) while employment rebounded (54 vs 48.5). At the same time, price pressures intensified (83.8 vs 83.1). "Labor shortages have eased slightly, as COVID-19 cases have declined and public-health restrictions have been relaxed. Geopolitical concerns - particularly the Russia/Ukraine war, which has impacted material costs, most notably fuel and chemical prices - have created uncertainty for many businesses”, Anthony Nieves, Chair of the ISM said.
2022-04-05