US Services Sector Growth Beats Forecasts: ISM


The ISM Non-Manufacturing PMI index for the United States rose to 57.4 in June of 2017 from 56.9 in May, beating market expectations of 56.5. Business activity and new orders went up while employment slowed. The majority of respondents’ comments continue to be positive about business conditions and the overall economy.

Increases were seen in business activity (+0.1 to 60.8); new orders (+2.8 to 60.5); supplier deliveries (+1 to 52.5); inventories (+3.5 to 57.5) and new export orders (+0.5 to 55). On the other hand, employment slowed (-2 to 55.8); backlogs of orders declined (-4.5 to 52.5) and price pressures increased (+2.9 to 52.1).

The 16 non-manufacturing industries reporting growth in June — listed in order — are: Agriculture, Forestry, Fishing & Hunting; Wholesale Trade; Management of Companies & Support Services; Accommodation & Food Services; Public Administration; Transportation & Warehousing; Professional, Scientific & Technical Services; Health Care & Social Assistance; Mining; Information; Utilities; Educational Services; Construction; Real Estate, Rental & Leasing; Retail Trade; and Finance & Insurance. The only industry reporting contraction in June is Other Services.

US Services Sector Growth Beats Forecasts: ISM


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
7/6/2017 2:10:30 PM