US Services Sector Slows In May: ISM


The ISM Non-Manufacturing PMI index for the United States fell to 56.9 in May of 2017 from 57.5 in April, slightly below market expectations of 57. Production and new orders rose at a slower pace while employment picked up. The majority of respondents’ comments continue to indicate optimism about business conditions and the overall economy.

Slower growth was seen for business activity (-1.7 to 60.7); new orders (-5.5 from 57.7); supplier deliveries (-1.5 to 51.5) and new export orders (-11 to 54.5). On the positive side, employment (6.4 to 57.8); inventories (1.5 to 54) and backlogs of work (3.5 to 57) rose faster and price pressures eased (-8.4 to 49.2). 

The 17 non-manufacturing industries reporting growth in May — listed in order — are: Real Estate, Rental & Leasing; Construction; Accommodation & Food Services; Utilities; Arts, Entertainment & Recreation; Wholesale Trade; Mining; Health Care & Social Assistance; Management of Companies & Support Services; Professional, Scientific & Technical Services; Agriculture, Forestry, Fishing & Hunting; Retail Trade; Finance & Insurance; Public Administration; Transportation & Warehousing; Information; and Other Services. The only industry reporting contraction in May is Educational Services.

US Services Sector Slows In May: ISM


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
6/5/2017 2:20:31 PM