The ISM Non-Manufacturing PMI for the US dropped to 62.7 in April 2021 from an all-time high of 63.7 in the previous month and below market expectations of 64.3, indicating slowing growth in the services sector. Still, the rate of expansion was the second strongest on record. Business conditions were likely restrained by shortages of inputs amid growing demand on the back of the government's $1.9 trillion relief package and the acceleration of COVID-19 vaccinations. There were slower growth rates for both output and new orders, while the pace of job creation quickened to the highest since September 2018. The survey's measure of prices paid by services industries rose to 76.8, the highest reading since July 2008. source: Institute for Supply Management

Non Manufacturing PMI in the United States averaged 54.69 points from 1997 until 2021, reaching an all time high of 63.70 points in March 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 May of 2021.

Non Manufacturing PMI in the United States is expected to be 58.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Non Manufacturing PMI in the United States to stand at 52.00 in 12 months time. In the long-term, the United States ISM Non Manufacturing PMI is projected to trend around 52.00 points in 2022, according to our econometric models.

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United States ISM Non Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
62.70 63.70 63.70 37.80 1997 - 2021 points Monthly
SA


News Stream
US Services Sector Activity Growth Eases in April
The ISM Non-Manufacturing PMI for the US dropped to 62.7 in April 2021 from an all-time high of 63.7 in the previous month and below market expectations of 64.3, indicating slowing growth in the services sector. Still, the rate of expansion was the second strongest on record. Business conditions were likely restrained by shortages of inputs amid growing demand on the back of the government's $1.9 trillion relief package and the acceleration of COVID-19 vaccinations. There were slower growth rates for both output and new orders, while the pace of job creation quickened to the highest since September 2018. The survey's measure of prices paid by services industries rose to 76.8, the highest reading since July 2008.
2021-05-05
US Services Sector Grows at Record Pace: ISM
The ISM Services PMI jumped to 63.7 in March of 2021 from 55.3 in February, well above forecasts of 59. The reading pointed to the strongest growth in services activity ever. Faster increases were seen in business activity (69.4 vs 55.5), new orders (67.2 vs 51.9) and employment (57.2 vs 52.7) while price pressures intensified (74 vs 71.8). Also, both inventories (54 vs 58.9) and new export orders slowed (55.5 vs 57.6). "Respondents’ comments indicate that the lifting of coronavirus pandemic-related restrictions has released pent-up demand for many of their respective companies’ services. Production-capacity constraints, material shortages, weather and challenges in logistics and human resources continue to cause supply chain disruption” says Anthony Nieves, Chair of the ISM.
2021-04-05
US Services Growth at 9-Month Low: ISM
The ISM Services PMI for the US decreased to 55.3 in February of 2021 from 58.7 in January, well below market forecasts of 58.7. The reading pointed to the lowest growth in the services sector since a contraction in May, amid supply constraints and higher prices. A slowdown was seen in supplier deliveries (60.8 vs 57.8), business activity/production (55.5 vs 59.9), new orders (51.9 vs 61.8) and employment (52.7 vs 55.2) while price pressures intensified (71.8 vs 64.2). On the other hand, both export orders (57.6 vs 47) and inventories (58.9 vs 49.2) rebounded. "Respondents are mostly optimistic about business recovery and the economy. Production-capacity constraints, material shortages and challenges in logistics and human resources are impacting the supply chain”, Anthony Nieves, Chair of the Institute for Supply Management said.
2021-03-03
US Services Growth Beats Forecasts: ISM
The ISM Services PMI for the US increased to 58.7 in January of 2021 from 57.7 in December, beating market forecasts of 56.8. The reading pointed to the strongest expansion in the services sector since February of 2019. New orders increased faster (61.8 vs 58.6) and employment rebounded (55.2 vs 48.7). On the other hand, production (59.9 vs 60.5) and supplier deliveries (57.8 vs 62.8) slowed and both inventories (49.2 vs 58.2) and new export orders (47 vs 57.3) came back to contraction. Price pressures remained elevated (64.2 vs 64.4). "Respondents’ comments are more optimistic about business conditions and the economy. Various local and state-level COVID-19 restrictions continue to negatively impact companies and industries. Production capacity and logistics issues continue to cause supply chain challenges” says Anthony Nieves, Chair of the ISM Services Business Survey Committee.
2021-02-03

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.