USA ISM Non-Manufacturing PMI

Description

The Non-Manufacturing Purchasing Managers Index (PMI) captures business conditions in the US service economy. The closely followed report, which is released on a monthly basis by the Institute for Supply Management (ISM), is based on primary consultations with managers in the service industries.
Latest Release: 03-12-2014 15:00:00
Next Release: 03-10-2013 14:00:00
Source:Institute for Supply Management
US Non Manufacturing PMI Improves
Sep 4th, 2014 at 08:31 PM

A wide ranging data update this afternoon is presenting some confirmation of the broad nature of the recovery in the US. Following yesterday’s manufacturing update the relevant agencies are now publishing their non-manufacturing data. Markit Economics has released it’s Purchasing Managers Index (PMI) for the Services sector, relating to the month of August the reading now stands at 59.5, this compares to 60.8 in July and an expectation of 58.5. The Composite PMI therefore becomes 59.7 in comparison to the previous month’s 60.6 and an analyst anticipated figure of 57.7. The headline number of the day is the Non-Manufacturing PMI from the Institute of Supply Management, this is currently reading at 59.6 up from July’s 58.7 and beating the market expectation of 57.7.

Ahead of tomorrow’s key Non-Farm Payrolls and official Unemployment Rate releases there has been some minor jobs market data published this afternoon. The Department of Labor has published it’s Unit Labor Cost statistic for the second quarter of this year, according to this the cost of hiring has fallen by -0.1% on the quarter compared to an increase of 11.5% in the first three months, markets anticipated a rise of 0.5% to round out the second part of...

  • Forex » US Dollar Index Consolidates at 1-Year High in...
    Posted Sep 1st, 2014 at 06:00 PM

    The US dollar remained elevated against a basket of currencies Monday, as North American traders paused to observe Labour Day ahead of a flurry of economic data later in the week. The US dollar...

  • Business » US Factory Orders Rebound in June
    Posted Aug 5th, 2014 at 05:07 PM

    New orders for US factory goods rebounded faster than forecast in June, a sign manufacturing activity was expanding rapidly at the end of the second quarter. US factory orders increased 1.1...

  • Business » US Service Economy Reaches Highest Level since...
    Posted Aug 5th, 2014 at 05:04 PM

    The US service economy accelerated at a faster pace in July, as a surge in new orders supported another strong month of job creation. The Institute for Supply Management’s gauge of national...

  • Forex » US Non Manufacturing PMI Improves
    Posted Aug 5th, 2014 at 05:03 PM

    The Institute for Supply Management has published the key Non Manufacturing PMI for the US economy for the month of July. This figure has been announced as 58.7, by comparison the June reading was...