ISM Non-Manufacturing PMI (US)
ISM Non-Manufacturing Posted a Nice Jump in October
The US ISM non-manufacturing PMI indicator reached 59.1 points in June as July's report showed, but it took a sharp turn in July, falling to 55.7 PMI points. Although, it increased to 58.6 points in August, which was a positive turnaround. The reports for September, October and November came out positive, beating expectations and coming above 60 points. Although, in December we saw a considerable cool-off of this indicator as it fell nearly 3 full points to 57.6 points. In January we saw another decline to 56.7 points, missing expectations as well, although at these levels, this sector was still in a very decent shape. But, we saw a sudden reversal and a jump to 59.7 points in February. In March and April this indicator declined and it stands at 55.5 points now. It is expected to tick higher today to 55.6 points, although that's still a good level. In May, the ISM non-manufacturing increased further to 56.9 points, which was a surprise since the US economy has been slowing in recent months, although we saw a small decline to 55.1 points in June. In July, this indicator fell further to 53.7 points but in August we saw a strong jump to 56.4 points. For September, this indicator was expected to cool off again slightly to 55.1 points, but it fell to 52.6 points. Although, last month's report showed a surprising jump for October to 54.5 points. Please follow us for live coverage of this event by experienced market analysts.