ISM Non-Manufacturing PMI December 2019
7 January 2020ISM Non-Manufacturing PMI December 2019
The ISM Non-Manufacturing PMI for the US increased to 55 in December of 2019 from 53.9 in November, slightly beating market forecasts of 54.5. The reading pointed to the biggest expansion in the services sector in four months as production and inventories rose faster while new orders, new export orders and employment slowed. Companies are positive about the potential resolution on tariffs and capacity constraints have eased a bit although difficulties with labour resources remain, according to Anthony Nieves, Chair of the ISM. Non Manufacturing PMI in the United States averaged 54.63 points from 1997 until 2019, reaching an all time high of 62 points in August of 1997 and a record low of 37.80 points in November of 2008.