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.

Consensus Outlook
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.

2017 Release Schedule

Released On: 1/5 2/3 3/3 4/5 5/3 6/5 7/6 8/3 9/6 10/4 11/3 12/5 Release For: Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov