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.