ISM Non-Manufacturing PMI (US)
Great Shape for US Non-Manufacturing Sector
Starts Tuesday, December 18, 2018 at 17:04
Updated Monday, November 5, 2018
US ISM non-manufacturing PMI has shown that this sector is in a really good shape. It has been around the 58-59 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 in September. Last month, we saw a surprising jump to 61.6 points against 58.0 expected, which shows that this sector of the US economy is doing really great right now.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.