The IHS Markit US Services PMI came in at 53 in April 2019, little-changed from a preliminary estimate of 52.9 and compared to March's 55.3. The latest reading signaled the slowest increase in services activity since March 2017, as new business growth eased to a two-year low and the rate of job creation was the weakest for two years. On the price front, input costs rose the least since October 2017 and output charge inflation eased to 18-month low. Looking ahead, optimism dipped to its lowest level since mid-2016 amid greater uncertainty and more intense competition. Services PMI in the United States is reported by Markit Economics.

Services PMI in the United States is expected to be 53.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in the United States to stand at 52.10 in 12 months time. In the long-term, the United States Services PMI is projected to trend around 52.10 Index Points in 2020, according to our econometric models.

United States Services PMI
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United States Business Last Previous Highest Lowest Unit
Business Confidence 52.80 55.30 77.50 29.40 Index Points [+]
Manufacturing PMI 52.60 52.40 57.90 50.70 [+]
Services PMI 53.00 55.30 61.00 49.30 Index Points [+]
Non Manufacturing PMI 55.50 56.10 62.00 37.80 [+]
Composite Pmi 53.00 54.60 61.00 50.00 Index Points [+]
Industrial Production 0.90 2.30 62.00 -33.70 percent [+]
Industrial Production Mom -0.50 0.20 16.60 -10.40 percent [+]
Manufacturing Production -0.20 0.70 67.90 -39.40 percent [+]
Capacity Utilization 77.93 78.46 89.39 66.69 percent [+]
Durable Goods Orders 2.70 -1.10 23.50 -19.00 percent [+]
Durable Goods Orders Ex Defense 2.30 -1.70 26.00 -19.70 percent [+]
Durable Goods Orders Ex Transportation 0.40 -0.20 7.50 -6.80 percent [+]
Factory Orders Ex Transportation 0.80 0.30 4.60 -7.20 percent [+]
New Orders 508192.00 497474.00 565232.00 223500.00 USD Million [+]
Factory Orders 1.90 -0.30 10.60 -10.00 percent [+]
Business Inventories 0.00 0.30 1.30 -2.00 percent [+]
Changes in Inventories 128.39 96.80 166.37 -245.13 USD Billion [+]
Wholesale Inventories -0.10 0.40 2.10 -2.00 percent [+]
Bankruptcies 22157.00 22232.00 82446.00 19695.00 Companies [+]
Corporate Profits 2076.20 2076.82 2076.82 14.70 USD Billion [+]
NFIB Business Optimism Index 103.50 101.80 108.80 80.10 Index Points [+]
Ism New York Index 77.30 66.90 88.80 23.40 percent [+]
Philadelphia Fed Manufacturing Index 16.60 8.50 58.50 -57.90 Index Points [+]
NY Empire State Manufacturing Index 17.80 10.10 39.00 -34.40 Index Points [+]
Richmond Fed Manufacturing Index 3.00 10.00 29.00 -44.00 Index Points [+]
Chicago Fed National Activity Index -0.45 0.05 2.78 -5.27 [+]
Dallas Fed Manufacturing Index 2.00 6.90 47.60 -59.90 Index Points [+]
Chicago Pmi 52.60 58.70 78.60 21.20 Index Points [+]
Car Production 2.42 2.46 9.92 1.29 Million Units [+]
Car Registrations 377.46 389.93 1149.00 331.50 Thousand [+]
Total Vehicle Sales 16.40 17.45 21.77 9.05 Million [+]
Crude Oil Stocks Change 5.43 -3.96 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change 106.00 85.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change -1123.00 -596.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 125.78 125.56 125.78 46.91 Index Points [+]
Internet Speed 18747.58 17235.62 18747.58 3609.31 KBps [+]
IP Addresses 128949703.00 127873899.00 146874246.00 89399946.00 IP [+]
API Crude Oil Stock Change 8.60 2.81 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 802.00 805.00 1609.00 98.00 [+]
Corruption Index 71.00 75.00 78.00 71.00 Points [+]
Corruption Rank 22.00 16.00 24.00 14.00 [+]
Competitiveness Index 85.64 84.84 85.64 5.42 Points [+]
Competitiveness Rank 1.00 1.00 7.00 1.00 [+]
Ease of Doing Business 8.00 6.00 8.00 4.00 [+]
Steel Production 7752.00 6896.00 11951.00 3799.00 Thousand Tonnes [+]
Mining Production 10.40 9.80 108.20 -28.80 percent [+]


United States Services PMI

Markit US Services PMI (Purchasing Managers' Index) is based on data collected from a representative panel of over 400 private sector companies covering transport and communication, financial intermediaries, business and personal services, computing & IT and hotels and restaurants. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. . This page provides the latest reported value for - United States Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Services PMI - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
53.00 55.30 61.00 49.30 2013 - 2019 Index Points Monthly




Country Last Previous
Australia 46.50 Apr/19
Brazil 49.90 Apr/19
China 54.50 Apr/19
Euro Area 52.80 Apr/19
France 50.50 Apr/19
Germany 55.70 Apr/19
India 51.00 Apr/19
Italy 50.40 Apr/19
Japan 51.80 Apr/19
Russia 52.60 Apr/19
Spain 53.10 Apr/19
United Kingdom 50.40 Apr/19
United States 53.00 Apr/19


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