ISM Non-Manufacturing PMI (US)
ISM Non-Manufacturing PMI Expected to Cool Off Again for January
Starts Tuesday, February 5, 2019 at 15:00
Updated Tuesday, February 5, 2019
The US ISM non-manufacturing PMI indicator has increased steadily since Spring. It 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. This week's report which is for January is expected to show a smaller number at 57.0 points, although at these levels, this sector is still in a very decent shape. Please follow us for live coverage of this event by 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.