2017 Economic Calendar
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PMI Services Index  
Released On 7/6/2017 9:45:00 AM For Jun, 2017
PriorConsensusConsensus RangeActual
Level53.6 53.0 53.0  to 53.4 54.2 

Highlights
Service-sector strength improved in June, to 54.2 vs the mid-month flash of 53.0 and May's final reading of 53.6. Gains for new orders, the best since January, are behind the strength as is hiring which is the best since February. Another positive is a rise in confidence in future activity, posting the second best reading in more than 2 years. Price data show increases for inputs, reflecting higher raw material and staffing costs, and also positive traction for selling prices tied to stronger demand.

This report is solidly positive and points to quarter-end momentum for the economy in general. The final composite PMI, which includes manufacturing, came in at 53.9 vs 53.0 at mid-month and 53.6 in May. Up next is ISM's non-manufacturing report which has been running stronger than the services PMI.

Recent History Of This Indicator
PMI services have been steady and moderate, posting a 53.0 in the June flash. New orders and employment were solid in the flash report with selling prices on the rise. The Econoday consensus for June's final is for no change from the flash 53.0.

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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