The ISM Non-Manufacturing PMI fell to 60.1 in June of 2021 from an all-time high of 64 in May and compared to market forecasts of 63.5. The reading still pointed to strong growth in the services sector although slower increases were seen for business activity (60.4 vs 66.2), new orders (62.1 vs 63.9) and new export orders (50.7 vs 60) while employment contracted (49.3 vs 55.3) and inventories were little changed (49.9 vs 51.5). Also, price pressure eased slightly (79.5 vs 80.6). "Challenges with materials shortages, inflation, logistics and employment resources continue to be an impediment to business conditions,” says Anthony Nieves, Chair of the ISM. source: Institute for Supply Management
Non Manufacturing PMI in the United States averaged 54.75 points from 1997 until 2021, reaching an all time high of 64 points in May 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 July 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.