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United States Services Pmi

Last Release
Jul 2021
Actual
59.8 points
Forecast
59.8 points
Previous
64.6 points
Frequency
Monthly
Units In
points
Next Release
Aug 4, 2021
Time to Release
6 Days 16 Hours
Highest
Lowest
Average
Date Range
Source
70.4 points
May 2021
26.7 points
Apr 2020
54.31 points2013 - 2021Markit Economics
Markit US Services PMI (Purchasing Managers' Index) is based on data collected from a representative panel of over 400 private sector companies covering transport and communication, financial intermediaries, business and personal services, computing & IT and hotels and restaurants. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining.

Latest Updates

The IHS Markit US Services PMI dropped to 59.8 in July 2021, from 64.6 in the previous month and well below market expectations of 64.8, a preliminary estimate showed. The latest reading signaled a further slowdown in service sector growth from May's record high, amid labor shortages and difficulties acquiring stock. New business rose the least for five months, with some firms noting customer hesitancy amid significant hikes in selling prices. Similarly, the rate of increase in new export orders eased. Although firms recorded solid gains in employment, the level of outstanding business rose further in July. On the price front, input costs and output charges continued to rise a strong rate. Looking ahead, business confidence fell to a five-month low.

United States Services Pmi History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Jul 23, 202113:52US Service Sector Growth Slows in July

United States business Indicators

All United States indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
API Crude Oil Stock Change
-4.73
Jul 2021
0.81
Jul 2021
-12.4
Nov 2013
14.3
Feb 2015
BBL/1MillionWeekly2012 - 2021
Business Confidence
60.6
Jun 2021
61.2
May 2021
29.4
May 1980
77.5
Jul 1950
pointsMonthly1948 - 2021
Business Inventories
0.5
May 2021
-0.2
Apr 2021
-2.3
May 2020
1.3
Dec 2010
%Monthly1992 - 2021
Bankruptcies
19,911
Mar 2021
21,655
Dec 2020
19,695
Dec 2006
82,446
Dec 1987
CompaniesQuarterly1980 - 2021
Car Registrations
405.23
May 2021
386.98
Apr 2021
180.56
Apr 2020
1,149
Sep 1986
ThousandMonthly1975 - 2021
Chain Store Sales
2,646
May 2021
2,159
Apr 2021
1,098
May 2020
15,875
Dec 1999
USD MillionMonthly1992 - 2021

Services Pmi across North America

Services Pmi global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
United States
59.8
Jul 2021
64.6
Jun 2021
26.7
Apr 2020
70.4
May 2021
pointsMonthly2013 - 2021

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