ISM Non-Manufacturing PMI (US)
Event Date: Wednesday, May 5, 2021
Event Time: 14:00 CET
Updated Wednesday, May 5, 2021
The ISM non-manufacturing PMI fell to 49.1 points in March 2020, as businesses started to close on coronavirus, but was expected fall deep into contraction in April, although it beat expectations of 35 points, coming at 41.5 points, while in May this indicator increased to 43.1 points. In June we saw large jump to 52.6 points though. By August this indicator increased to 56 points, but it cooled off in September to 55.4 points, although it has surged back up in October and November to 57.5 points. In December we saw a jump to 60.7 points, but it cooled off in January this year. In February services cooled off further to 55.3 points, while in March they jumped to 63.7 points, while in April they are expected at 64.2 points. 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.