The ISM Non-Manufacturing PMI fell to 55.9 in November of 2020 from 56.6 in the previous month, in line with forecasts of 56. The reading pointed to the slowest increase in the services sector in six months but it remained above the long-term average of 54.6. Production (58 vs 61.2) and new orders (57.2 vs 58.8) slowed, inventories contracted (49.3 vs 53.1) and price pressures eased (66.1 vs 63.9) while employment rose at a faster pace (51.5 vs 50.1). "Respondents’ comments are mixed about business conditions and the economy. Restaurants continue to struggle with capacity constraints and logistics. Most companies are cautious as they navigate operations amid the pandemic and the aftermath of the US presidential election,” Anthony Nieves, Chair of the ISM Services Business Survey Committee said. source: Institute for Supply Management
Non Manufacturing PMI in the United States averaged 54.60 points from 1997 until 2020, reaching an all time high of 62 points in August of 1997 and a record low of 37.80 points in November of 2008. This page provides the latest reported value for - United States ISM Non Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States ISM Non Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Non Manufacturing PMI in the United States is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Non Manufacturing PMI in the United States to stand at 51.00 in 12 months time. In the long-term, the United States ISM Non Manufacturing PMI is projected to trend around 50.00 points in 2021 and 52.00 points in 2022, according to our econometric models.