United States Non Manufacturing PMI

Last Release

Feb 28, 2025

Actual

53.5

Units In

Points

52.8

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	54.8 Points	1997-2025	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 unexpectedly increased to 53.5 in February 2025 from 52.8 in January, beating forecasts of 52.6. The reading pointed to a faster growth in the services sector, with business activity (54.4 vs 54.5), new orders (52.2 vs 51.3), employment (53.9 vs 52.3) and supplier deliveries (53.4 vs 53) expanding for the third month in a row, the first time it happens since May 2022. Inventories (50.6 vs 47.5) and backlog of orders (51.7 vs 44.8) also rebounded while price pressures intensified (62.6 vs 60.4). "Slightly slower growth in the Business Activity Index was more than offset by growth in the other three subindexes. Anxiety continues; however, over the potential impact of tariffs. Some respondents indicated that federal spending cuts are having negative impacts on their business forecasts”, Steve Miller, Chair of the ISM said.