Markit United States Services Purchasing Managers Index (PMI)

Country:
United States
USD, US dollar
Source:
Sector:
Business
Medium 53.5 53.6
52.9
Last release Importance Actual Forecast
Previous
52.8
53.5
Next release Actual Forecast
Previous
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Markit Service PMI is an indicator of changes in business conditions in the US service sector in the specified month. The indicator is based on monthly surveys of purchasing managers working in private companies of the US service sector.

Often purchasing managers can track changes in market conditions prior to other company employees, because purchases precede company's service production activities. Purchasing managers are among the first to notice such changes. The sample for the survey are chosen so as to cover the maximum possible number of large companies across the country.

Unlike the PMI published by ISM, Markit PMI only includes information from private companies. Purchasing managers fill in questionnaire, in which they characterize the main parameters of their work:

  • Business activity
  • New orders
  • Backlogs
  • Output prices
  • Input prices
  • Employment
  • Near term business activity outlook

Respondents are asked to provide a relative estimate, showing whether the above parameters have improved, deteriorated or have not changed. Individual subindexes are calculated based on these answers. These subindexes characterize inflation, employment and other key indicators of economic activity. The index is seasonally adjusted. Individual weights are given to polled companies. Readings above 50 indicate that most of respondents positively characterize current business conditions. Readings below 50 mean worsening of business conditions.

Service sector PMI is one of the most popular indexes closely watched by US economists. It provides operational information covering the entire service sector, which has the greatest share in the national GDP. It is interpreted as a leading indicator of service sector activity and inflation. Service PMI growth is an indication of favorable market conditions and can be seen as positive for the US dollar.

Last values:

actual data

forecast

The chart of the entire available history of the "Markit United States Services 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
Sep 2018
53.5
53.6
52.9
Sep 2018 prelim.
52.9
55
54.8
Aug 2018
54.8
56
55.2
Aug 2018 prelim.
55.2
56.6
56
Jul 2018
56
56.5
56.2
Jul 2018 prelim.
56.2
56.1
56.5
Jun 2018
56.5
55.4
56.5
Jun 2018 prelim.
56.5
54.9
56.8
May 2018
56.8
54.8
55.7
May 2018 prelim.
55.7
55
54.6
Apr 2018
54.6
55.5
54.4
Apr 2018 prelim.
54.4
55.5
54
Mar 2018
54
55.4
54.1
Mar 2018 prelim.
54.1
55
55.9
Feb 2018
55.9
54.6
55.9
Feb 2018 prelim.
55.9
53.3
53.3
Jan 2018
53.3
53.5
53.3
Jan 2018 prelim.
53.3
53
53.7
Dec 2017
53.7
53.4
52.4
Dec 2017 prelim.
52.4
54.6
54.5
Nov 2017
54.5
53.7
54.7
Nov 2017 prelim.
54.7
56.1
55.3
Oct 2017
55.3
57.1
55.9
Oct 2017 prelim.
55.9
54.6
55.3
Sep 2017
55.3
54.1
55.1
Sep 2017 prelim.
55.1
56.6
56
Aug 2017
56
57.3
56.9
Aug 2017 prelim.
56.9
55
54.7
Jul 2017
54.7
55.2
54.2
Jul 2017 prelim.
54.2
54.1
54.2
Jun 2017
54.2
52.2
53
Jun 2017 prelim.
53
53.7
53.6
May 2017
53.6
54.5
54
May 2017 prelim.
54
53.2
53.1
Apr 2017
53.1
52.4
52.5
Apr 2017 prelim.
52.5
52.8
Mar 2017
52.8
52.9
Mar 2017 prelim.
52.9
53.8
Feb 2017
53.8
53.9
Feb 2017 prelim.
53.9
55.6
Jan 2017
55.6
55.1
Jan 2017 prelim.
55.1
53.9
Dec 2016
53.9
53.4
Dec 2016 prelim.
53.4
54.6
Nov 2016
54.6
54.7
Nov 2016 prelim.
54.7
54.8
Oct 2016
54.8
54.8
Oct 2016 prelim.
54.8
52.3
Sep 2016
52.3
51.9
Sep 2016 prelim.
51.9
51

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