ISM Non-Manufacturing PMI (US)
Non-Manufacturing Activity Jumped Higher in February
Starts Wednesday, April 3, 2019 at 14:00
Updated Thursday, March 28, 2019
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, which means that non-manufacturing sectors are expanding activity with considerable speed. 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.