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.

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United States ISM Non Manufacturing PMI



Related Last Previous Unit Reference
Business Confidence 47.40 48.40 points Jan 2023
Non Manufacturing PMI 55.20 49.20 points Jan 2023
Factory Orders Ex Transportation -1.20 -1.20 percent Dec 2022
Factory Orders 1.80 -1.90 percent Dec 2022
Ism New York Index 37.20 35.50 percent Mar 2021
Chicago PMI 44.30 44.90 points Jan 2023
ISM Non Manufacturing Prices 67.80 68.10 points Jan 2023
ISM Non Manufacturing New Orders 60.40 45.20 points Jan 2023
ISM Non Manufacturing Employment 50.00 49.40 points Jan 2023
ISM Non Manufacturing Business Activity 60.40 53.50 points Jan 2023

United States ISM Non Manufacturing PMI
The Non-Manufacturing ISM Report On Business® is based on data compiled from purchasing and supply executives nationwide. Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (Business Activity, New Orders, Backlog of Orders, New Export Orders, Inventory Change, Inventory Sentiment, Imports, Prices, Employment and Supplier Deliveries) this report shows the percentage reporting each response, and the diffusion index. An index reading above 50 percent indicates that the non-manufacturing economy in that index is generally expanding; below 50 percent indicates that it is generally declining. Orders to the service producers make up about 90 percent of the US economy.
Actual Previous Highest Lowest Dates Unit Frequency
55.20 49.20 69.10 37.80 1997 - 2023 points Monthly
SA

News Stream
US Services Growth Tops Forecasts: ISM
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.
2023-02-03
US Services Sector Unexpectedly Shrinks: ISM
The ISM Services PMI for the US fell to 49.6 in December of 2022, well below market forecasts of 55, and compared to 56.5 in November. The reading pointed to the first contraction in the services sector since May 2020 at the height of the covid pandemic. New orders contracted sharply (45.2 vs 56 in November) as demand weakened and inventories shrank faster (45.1 vs 47.9). Also, employment declined (49.8 vs 51.5) due to economic uncertainty and an inability to backfill open positions activity slowed. Meanwhile, the holiday season contributed to the continued growth in business activity, albeit at a slower rate (54.7 vs 64.7). Finally, supplier deliveries fell (48.5 vs 53.8), indicating increased capacity and improved logistics, and price pressures eased (67.6 vs 70).
2023-01-06
US Services Growth Tops Estimates: ISM
The ISM Services PMI unexpectedly jumped to 56.5 in November of 2022, rebounding from a more than 2-year low of f 54.4 hit in October and beating market forecasts of 53.3. Business activity increased faster (64.7 vs 55.7) and employment rebounded (51.5 vs 49.1), prompted by a new fiscal period and the holiday season. Also, price pressures eased (70 vs 70.7), inventories shrank less (47.9 vs 47.2) and supplier deliveries continued to slow (53.8 vs 56.2), with increased capacity and shorter lead times accounting for an improvement in supply chain and logistics performance. Meanwhile, a slowdown was seen in new orders (56 vs 56.5) and backlogs of orders (51.8 vs 52.2).
2022-12-05