The ISM Services PMI for the US unexpectedly jumped to 55.2 in January of 2023, rebounding sharply from over a 2-1/2 year low of 49.2 in December, and beating market forecasts of 50.4. Capacity and logistics performance continued to improve and the majority of companies indicated that business is trending in a positive direction. Faster increases were seen for business activity/production (60.4 vs 53.5) and backlogs of orders (52.9 vs 51.5) while a rebound was recorded for new orders (60.4 vs 45.2). Also, employment was unchanged (50 vs 49.4) as some companies still find it difficult to fill open positions, while others are facilitating staff reductions. Also, price pressures eased (67.8 vs 68.1) and supplier deliveries (50 vs 48.5) indicated unchanged performance. source: Institute for Supply Management
Non Manufacturing PMI in the United States averaged 54.99 points from 1997 until 2023, reaching an all time high of 69.10 points in November of 2021 and a record low of 37.80 points in November of 2008. This page provides the latest reported value for - United States ISM Non Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States ISM Non Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
Non Manufacturing PMI in the United States is expected to be 48.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.