US ISM Non Manufacturing PMI Disappoints


The ISM Non-Manufacturing PMI index for the United States fell to 56.8 in April of 2018 from 58.8 in March, well below market expectations of 58.1. The reading pointed to the lowest expansion in the non-manufacturing sector in four months amid a slowdown in production and employment and uncertainty about tariffs and the effect on the cost of goods. However, firms remain positive about business conditions and the economy.

Slower increases were seen in business activity/production (59.1 from 60.6); employment (53.6 from 56.6); supplier deliveries (54.5 from 58.5); and backlogs of orders (52 from 56.5). Also, prices rose slightly more (61.8 from 61.5). On the other hand, growth rose for new orders (60 from 59.5), new export orders (61.5 from 58) and inventories (57 from 53.5)

All 18 non-manufacturing industries reported growth in April, listed in order: Mining; Utilities; Retail Trade; Educational Services; Wholesale Trade; Construction; Transportation & Warehousing; Public Administration; Agriculture, Forestry, Fishing & Hunting; Real Estate, Rental & Leasing; Finance & Insurance; Other Services; Arts, Entertainment & Recreation; Management of Companies & Support Services; Professional, Scientific & Technical Services; Accommodation & Food Services; Information; and Health Care & Social Assistance.

US ISM Non Manufacturing PMI Disappoints


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
5/3/2018 2:19:45 PM