2017 Economic Calendar
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PMI Services Index  
Released On 9/6/2017 9:45:00 AM For Aug, 2017
PriorConsensusConsensus RangeActual
Level54.7 56.9 54.6  to 56.9 56.0 

Highlights
PMI services for final August posted a very strong 56.0, up 1.3 points from July for the highest result since November last year but still down a sizable 9 tenths from the mid-August flash. But the story of this report is unquestionably about strength with new orders and employment at 2-year highs and business confidence back on the upswing and at its highest level since January. Inflation news is also encouraging, with input costs at a roughly 2-year high and selling prices at a 3-year high. Up until the last couple of reports, strength in this sample had been lagging that of ISM's non-manufacturing sample whose August results will be posted at 10:00 a.m. ET this morning.

Recent History Of This Indicator
PMI services surged nearly 3 points in the August flash to 56.9 which is the level that forecasters see the index holding at in the final reading. New orders, employment and selling prices were all positives in August's flash report.

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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