US Services Sector Grows The Most in 12 Years


The ISM Non-Manufacturing PMI index for the United States jumped to 59.8 in September of 2017 from 55.3 in August, beating market expectations of 55.5. It is the highest reading since August of 2005, mainly boosted by a rise in production and new orders, despite the impact on the supply chain from the hurricanes.

Increases were seen in business activity (61.3 from 57.5); new orders (63 from 57.1); employment (56.8 from 56.2); backlogs of orders (56 from 53.25) and new export orders (56 from 55.) Supplier deliveries also went up (58 from 50.5) and price pressures were the highest since February of 2012 (66.3 from 57.9). In contrast, inventories declined (51.5 from 53.5).

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

US Services Sector Grows The Most in 12 Years


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
10/4/2017 2:15:56 PM