US ISM Non Manufacturing PMI Rises in August


The ISM Non-Manufacturing PMI index for the United States went up to 55.3 in August of 2017 from 53.9 in July, compared to market expectations of 55.4. Improvements were seen in production, new orders and employment while inventories slowed and price pressures increased. The majority of services providers are optimistic about business conditions going forward.

Increases were reported for production (57.5 from 55.9 in July); new orders (57.1 from 55.1); employment (56.2 from 53.6); backlogs of orders (53.5 from 52) and new export orders (55 from 53). On the other hand, inventories (53.5 from 56.5) and supplier deliveries (50.5 from 51) slowed and price pressures increased (57.9 from 55.7).                                                                                                              

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

US ISM Non Manufacturing PMI Rises in August


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
9/6/2017 2:12:29 PM