2017 Economic Calendar
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United States : PMI Services Index  
Released On 8/3/2017 9:45:00 AM For Jul, 2017
PriorConsensusConsensus RangeActual
Level54.2 54.2 54.0  to 56.8 54.7 

Highlights
Markit's U.S. service sample is reporting increasingly solid conditions, at a composite of 54.7 in July vs the mid-month flash of 54.2 and 53.0 in June. The best news in the report comes from new orders, rising at a 2-year high, and employment which is at its best pace so far this year. Especially helping employment is a build underway in backlog orders. Optimism on the outlook is another a positive in this report, one that hints at a healthy second-half for the economy. Indications on inflation, which have been lagging, are mixed with costs up but selling prices still soft. Coming up next is ISM non-manufacturing, a report that includes mining and construction and which has been running stronger than PMI services.

Recent History Of This Indicator
PMI services rose more than 1 point in the July flash to 54.2, which is the level where forecasters see the index holding. A highlight of the flash report was strength in new orders which hit a 2-1/2 year high. Output and employment were also strong.

Definition
US Services Purchasing Managers' Index (PMI) is based on monthly questionnaire surveys collected from over 400 U.S. companies which provide a leading indication of what is happening in the private sector services economy. It is seasonally adjusted and is calculated from seven components, including New Business, Employment and Business Expectations.  Why Investors Care
 

2017 Release Schedule
Released On: 1/52/33/34/55/36/57/68/39/610/411/312/5
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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