2017 Economic Calendar
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PMI Services Index  
Released On 6/5/2017 9:45:00 AM For May, 2017
PriorConsensusConsensus RangeActual
Level53.1 54.0 53.0  to 54.0 53.6 

Highlights
Moderate is the message from the PMI services index which finishes May at a lower-than-expected 53.6, down 4 tenths from the mid-month flash but up a solid 1.1 points from final April and up 5 tenths from April's flash. Most readings rose back to strength early in the year including new orders with backlog orders showing their first build since January. Employment is at a 3-month high with optimism on the general outlook, however, remaining subdued. There are badly needed signs of inflation in the report with input costs on the rise and selling prices also moving higher. This is a positive though far from robust report. Up next is the ISM non-manufacturing report which has been running much stronger than the services PMI with the Econoday's consensus at 57.0.

Recent History Of This Indicator
PMI services had been soft but rose sharply in the May flash, to 54.0 from April's 52.5. Gains in the mid-month report were centered in new orders and included employment. Input costs have been rising in the report but, in a sign of strengthening demand, so have selling prices. The Econoday consensus for May's final is 54.0.

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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