ISM United States Non-Manufacturing Purchasing Managers Index (PMI)

Country:
United States
USD, US dollar
Sector:
Business
High 60.7 59.9
60.3
Last release Importance Actual Forecast
Previous
60.8
60.7
Next release Actual Forecast
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ISM Non-Manufacturing PMI reflects business conditions and activity in the US service sector in the given month. The Institute of Supply Management (ISM) is a not-for-profit supply management organization in the United States, which has over 40,000 members.

The index is calculated based on a survey of representatives of 375 companies from 17 industries of the US non-manufacturing sector. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list. Respondents describe the following aspects of their economic activity:

  • Business activity: rate and direction of changes in the business activity level
  • New orders received from customers
  • Employment growth or decrease
  • Supplies
  • Inventories: whether inventories have increased or decreased
  • Prices: whether the company is paying for goods and services more or less
  • Backlog of orders: increase or decrease
  • New export orders
  • Imports: amount of imported goods and services
  • Inventory sentiment: whether their inventories grow fast or slowly

The questionnaire features relative estimates: whether the situation is better, worse or has not changed. Responses are estimated taking into account weights of respondent companies. The values are seasonally adjusted. The resulting non-manufacturing PMI is a composite of four diffuse indices with different weights (Business Activity, New Orders, Employment and Supplies).

Readings above 50 point to an increased activity in the service sector. Index below 50 is an indication of contraction in economic conditions. The further the value moves from the mark of 50, the greater the rate of situation change.

PMI is an important indicator of economic health. The service sector contributes much to the country's GDP, therefore PMI is considered a leading indicator of a beginning recession or growth. Purchasing managers are among the first to know when the market conditions change, since they work in the short term and can evaluate a trend towards changing economic conditions. The index is released earlier than GDP and reports from the Bureau of Labor Statistics, therefore it is a leading indicator.

Growth of the non-manufacturing PMI is usually seen as positive for the US dollar.

Last values:

actual data

forecast

The chart of the entire available history of the "ISM United States Non-Manufacturing Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Nov 2018
60.7
59.9
60.3
Oct 2018
60.3
58.5
61.6
Sep 2018
61.6
57.8
58.5
Aug 2018
58.5
58
55.7
Jul 2018
55.7
58.2
59.1
Jun 2018
59.1
58.2
58.6
May 2018
58.6
58.7
56.8
Apr 2018
56.8
59.3
58.8
Mar 2018
58.8
58.4
59.5
Feb 2018
59.5
58.9
59.9
Jan 2018
59.9
58.8
56
Dec 2017
55.9
59.3
57.4
Nov 2017
57.4
60.3
60.1
Oct 2017
60.1
57.8
59.8
Sep 2017
59.8
55.8
55.3
Aug 2017
55.3
55.9
53.9
Jul 2017
53.9
56.9
57.4
Jun 2017
57.4
56.7
56.9
May 2017
56.9
55.9
57.5
Apr 2017
57.5
56
55.2
Mar 2017
55.2
57.6
Feb 2017
57.6
56.5
Jan 2017
56.5
57.2
Dec 2016
57.2
57.2
Nov 2016
57.2
54.8
Oct 2016
54.8
57.1
Sep 2016
57.1
51.4
Aug 2016
51.4
55.5
Jul 2016
55.5
56.5
Jun 2016
56.5
52.9
May 2016
52.9
55.7
Apr 2016
55.7
54.5
Mar 2016
54.5
53.4
Feb 2016
53.4
53.5
Jan 2016
53.5
55.3
Dec 2015
55.3
55.9
Nov 2015
55.9
59.1
Oct 2015
59.1
56.9
Sep 2015
56.9
59
Aug 2015
59
60.3
Jul 2015
60.3
56
Jun 2015
56
55.7
May 2015
55.7
57.8
Apr 2015
57.8
56.5
Mar 2015
56.5
56.9
Feb 2015
56.9
56.7
Jan 2015
56.7
56.2
Dec 2014
56.2
59.3
Nov 2014
59.3
57.1
Oct 2014
57.1
58.6

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