The IHS Markit US Services PMI was revised higher to 64.7 in April 2021, from a preliminary estimate of 63.1, signaling the sharpest pace of expansion in the sector since data collection began in late-2009. New business rose at the most marked pace on record, supported by a solid increase in new export orders, and the pace of job creation was the fastest since last November. On the price front, input costs advanced at an unprecedented rate, due to hikes in supplier prices and greater transportation fees; while the rate of charge inflation quickened for the fourth month running and was the steepest since data collection for the series began in October 2009. Business expectations remained optimistic in April, as hopes of an end to COVID-19 measures as 2021 progresses drove confidence in future activity. source: Markit Economics
Services PMI in the United States averaged 54.01 points from 2013 until 2021, reaching an all time high of 64.70 points in April of 2021 and a record low of 26.70 points in April of 2020. This page provides the latest reported value for - United States Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Services PMI in the United States is expected to be 55.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in the United States to stand at 52.00 in 12 months time. In the long-term, the United States Services PMI is projected to trend around 50.80 points in 2022, according to our econometric models.