2018 Economic Calendar
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PMI Services Index  
Released On 4/4/2018 9:45:00 AM For Mar, 2018
PriorConsensusConsensus RangeActual
Level55.9 54.1 54.0  to 54.9 54.0 

Highlights
New orders remain strong but did ease in March, pulling down the services PMI to 54.0 for the month's final reading vs 54.1 at mid-month and noticeably lower than February's 55.9. But orders aside, output remained strong and hiring did accelerate in the month for the best showing since August last year. Prices, as in other anecdotal surveys, are accelerating with higher input costs increasingly being passed through to customers. Watch later this morning at 10:00 a.m. for the ISM's non-manufacturing report where readings have been running higher than this report.

Consensus Outlook
PMI services moved lower in the flash for March and are expected to hold at the 54.1 result for the final reading. Despite the slowing, orders and employment were strong with price pressures also evident.

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
 

2018 Release Schedule
Released On: 1/42/53/54/45/36/57/58/39/610/311/512/5
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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