2017 Economic Calendar
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PMI Services Index  
Released On 4/5/2017 9:45:00 AM For Mar, 2017
PriorActual
Level53.8 52.8 

Highlights
Markit Economics' U.S. manufacturing sample has reported a loss of momentum as is its U.S. service sample. The services PMI slowed to 52.8 in March, down 1 tenth from the mid-month flash and down a full point from February. This is the lowest rate of plus-50 growth in six months. New orders are at their slowest growth rate in a full year and service providers were keeping busy working down backlogs which are at a 9-month low. Employment growth is at a 5-month low. Despite the slowing in activity, wages and input costs are on the rise as are selling prices though only modestly.

This report points to a quarter-end fizzle for the bulk of the economy. Watch for ISM non-manufacturing later this morning at 10:00 a.m. ET, a report that, in sharp contrast to this report, has been running at a very solid clip.

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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