Markit United States Services Purchasing Managers Index (PMI)

Country:
United States
USD, US dollar
Source:
Sector:
Business
Medium 64.7 63.1
63.1
Last release Importance Actual Forecast
Previous
64.0
64.7
Next release Actual Forecast
Previous
  • Overview
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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
Apr 2021
64.7
63.1
63.1
Apr 2021 prelim.
63.1
60.2
60.4
Mar 2021
60.4
60.0
60.0
Mar 2021 prelim.
60.0
59.4
59.8
Feb 2021
59.8
58.9
58.9
Feb 2021 prelim.
58.9
57.9
58.3
Jan 2021
58.3
57.5
57.5
Jan 2021 prelim.
57.5
55.0
54.8
Dec 2020
54.8
55.3
55.3
Dec 2020 prelim.
55.3
58.1
58.4
Nov 2020
58.4
57.7
57.7
Nov 2020 prelim.
57.7
56.5
56.9
Oct 2020
56.9
56.0
56.0
Oct 2020 prelim.
56.0
54.6
54.6
Sep 2020
54.6
54.6
54.6
Sep 2020 prelim.
54.6
54.9
55.0
Aug 2020
55.0
54.8
54.8
Aug 2020 prelim.
54.8
42.8
50.0
Jul 2020
50.0
49.6
49.6
Jul 2020 prelim.
49.6
54.4
47.9
Jun 2020
47.9
46.7
46.7
Jun 2020 prelim.
46.7
49.7
37.5
May 2020
37.5
36.9
36.9
May 2020 prelim.
36.9
24.0
26.7
Apr 2020
26.7
27.0
27.0
Apr 2020 prelim.
27.0
36.9
39.8
Mar 2020
39.8
39.1
39.1
Mar 2020 prelim.
39.1
47.4
49.4
Feb 2020
49.4
49.4
49.4
Feb 2020 prelim.
49.4
52.9
53.4
Jan 2020
53.4
53.2
53.2
Jan 2020 prelim.
53.2
53.1
52.8
Dec 2019
52.8
52.2
52.2
Dec 2019 prelim.
52.2
51.4
51.6
Nov 2019
51.6
51.6
51.6
Nov 2019 prelim.
51.6
50.6
50.6
Oct 2019
50.6
51.0
51.0
Oct 2019 prelim.
51.0
52.0
50.9
Sep 2019
50.9
50.9
50.9
Sep 2019 prelim.
50.9
49.4
50.7
Aug 2019
50.7
50.9
50.9
Aug 2019 prelim.
50.9
53.7
53.0
Jul 2019
53.0
52.2
52.2
Jul 2019 prelim.
52.2
52.1
51.5
Jun 2019
51.5
50.7
50.7
Jun 2019 prelim.
50.7
50.7
50.9
May 2019
50.9
50.9
50.9
May 2019 prelim.
50.9
52.9
53.0
Apr 2019
53.0
52.9
52.9
Apr 2019 prelim.
52.9
54.4
55.3

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