ISM Non-Manufacturing PMI (US)
Great Shape for ISM Non-Manufacturing in US
Starts Wednesday, October 17, 2018 at 20:21
Updated Wednesday, October 3, 2018
US ISM non-manufacturing PMI has shown that this sector is in a really good shape. It has been around these levels for months, although we saw a sudden dive in July as shown from the August report. But, this indicator got back to its normal trend last month. It stands at 58.5 points at the moment and this week the ISM non-manufacturing PMI is expected to cool off a bit to 58.1 points, which would be understandable after the small miss in the manufacturing report on Monday.Please follow us for coverage of this event live and the impact it might have on the currency experienced market analysts.
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About ISM Non-Manufacturing PMI (US)
Provided by the Institute for Supply Management (ISM), the ISM Non-Manufacturing PMI analyses the conditions of the U.S. services sector. It is released monthly and adjusted on a seasonal basis to reflect ongoing business conditions. On a scale of 0-100, a value above 50 is viewed as being positive, while below 50 is viewed as negative toward the USD.Services make up 80% of the U.S. economy, top three globally. Given the importance of services to U.S. GDP, the ISM Non-Manufacturing PMI reflects the relative expansion or contraction of the services sector as a whole.