The ISM Services PMI fell to 52.7 in July of 2023 from a four-month high of 53.9 in June, compared to forecasts of 53. The reading pointed to a slowdown in services growth due to smaller increases for business activity/production (57.1 vs 59.2), new orders (55 vs 55.5), employment (50.7 vs 53.1) and inventories (50.4 vs 55.9) while supplier delivery times were faster (48.1 vs 47.6). At the same time, price pressures increased (56.8 vs 54.1) while backlog of orders rebounded (52.1 vs 43.9). Also, the majority of respondents were cautiously optimistic about business conditions and the overall economy. source: Institute for Supply Management

Non Manufacturing PMI in the United States averaged 54.94 points from 1997 until 2023, reaching an all time high of 67.60 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 Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Non Manufacturing PMI in the United States is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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United States ISM Services PMI



Related Last Previous Unit Reference
Non Manufacturing PMI 52.70 53.90 points Jul 2023
Business Confidence 46.40 46.00 points Jul 2023
Factory Orders Ex Transportation 0.20 -0.40 percent Jun 2023
Factory Orders 2.30 0.40 percent Jun 2023
Ism New York Index 37.20 35.50 percent Mar 2021
Chicago PMI 42.80 41.50 points Jul 2023
ISM Non Manufacturing Prices 56.80 54.10 points Jul 2023
ISM Non Manufacturing New Orders 55.00 55.50 points Jul 2023
ISM Non Manufacturing Employment 50.70 53.10 points Jul 2023
ISM Non Manufacturing Business Activity 57.10 59.20 points Jul 2023

United States ISM Services 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
52.70 53.90 67.60 37.80 1997 - 2023 points Monthly
SA

News Stream
US Services Growth Slows in July: ISM
The ISM Services PMI fell to 52.7 in July of 2023 from a four-month high of 53.9 in June, compared to forecasts of 53. The reading pointed to a slowdown in services growth due to smaller increases for business activity/production (57.1 vs 59.2), new orders (55 vs 55.5), employment (50.7 vs 53.1) and inventories (50.4 vs 55.9) while supplier delivery times were faster (48.1 vs 47.6). At the same time, price pressures increased (56.8 vs 54.1) while backlog of orders rebounded (52.1 vs 43.9). Also, the majority of respondents were cautiously optimistic about business conditions and the overall economy.
2023-08-03
US Services Growth Tops Forecasts: ISM
The ISM Services PMI unexpectedly jumped to 53.9 in June of 2023, pointing to the strongest growth in the services sector in four months, and well above 50.3 in May and forecasts of 51. Production (59.2 vs 51.5) and new orders (55.5 vs 52.9) rose much faster while employment rebounded (53.1 vs 49.2) and price pressures eased (54.1 vs 56.2). Also, the supplier deliveries index improved and registered 47.6 percent, 0.1 percentage point lower than in May and inventories rose for a second month (55.9 vs 58.3). Meanwhile, "the majority of respondents indicate that business conditions remain stable; however, they are cautious relative to inflation and the future economic outlook”, Anthony Nieves, Chair of the ISM Services Business Survey Committee said.
2023-07-06
US Services Growth Slows Sharply: ISM
The ISM Services PMI fell to 50.3 in May of 2023 from 51.9 in April, pointing to the fifth consecutive month of expansion in the services sector, but the slowest in the current sequence. Figures came below forecasts of 52.2, amid a slowdown in business activity (51.5 vs 52), new orders (52.9 vs 56.1) and new export orders (59 vs 60.9) while employment contracted (49.2 vs 50.8). Also, supplier deliveries times were faster (47.7 vs 48.6) and capacity improved, which are in many ways a product of sluggish demand. Meanwhile, inventories rebounded (58.3 vs 47.2) and price pressures eased to the lowest level since May 2020 (56.2 vs 59.6). "The majority of respondents indicate that business conditions are currently stable; however, there are concerns relative to the slowing economy”, Anthony Nieves, Chair of the ISM Services Business Survey Committee said.
2023-06-05