US ISM Non Manufacturing PMI at Near 1-Year Low


The ISM Non-Manufacturing PMI index for the United States fell to 53.9 in July of 2017, well below 57.4 in June and market expectations of 57. It is the lowest reading since August of 2016 as production, new orders and employment eased and price pressures increased. Although the non-manufacturing sector growth slowed, the majority of respondents’ comments were mostly positive about business conditions and the state of the economy.

All subindexes came lower than in the previous month: production (55.9 from 60.8 in June); new orders (60.5 from 55.1); employment (53.6 from 55.8); inventories (56.5 from 56.5); backlogs of orders (52 from 52.5) and new export orders (53 from 55). In addition, supplier deliveries worsened (51 from 52.5) and prices rose (55.7 from 52.1).

The 15 non-manufacturing industries reporting growth in July, listed in order, are: Accommodation & Food Services; Information; Educational Services; Other Services; Utilities; Public Administration; Wholesale Trade; Retail Trade; Mining; Real Estate, Rental & Leasing; Construction; Transportation &Warehousing; Health Care & Social Assistance; Professional, Scientific & Technical Services; and Finance & Insurance. The two industries reporting contraction in July are: Management of Companies &Support Services; and Agriculture, Forestry, Fishing & Hunting.

US ISM Non Manufacturing PMI at Near 1-Year Low


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
8/3/2017 3:29:30 PM