United States Non Manufacturing PMI

Last Release

Oct 31, 2024

Actual

Units In

Points

54.9

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
69.1 Nov 2021	37.8 Nov 2008	54.82 Points	1997-2024	Institute for Supply Management

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.

Latest Updates

The ISM Services PMI in the US declined to 52.1 in November 2024 from 56 in October and well below forecasts of 55.5. The reading pointed to the slowest growth in the services sector in three months, driven by an ease in business activity (53.7 vs 57.2), new orders (53.7 vs 57.4), employment (51.5 vs 53) and supplier deliveries (49.5 vs 56.4, indicating faster performance). In addition, inventories (45.9 vs 56.4) and backlog of orders (47.1 vs 47.7) declined and prices pressures increased slightly (58.2 vs 58.1). "Generally, respondents’ comments were neutral to positive, and both positive and negative impacts were attributed to seasonality. Not surprisingly, election ramifications and tariffs were mentioned often, with cautionary outlooks related to the potential impact on respondents’ specific industries”, Steve Miller, Chair of the ISM Services Business Survey Committee said.