In October 2024, the value of the Service Purchasing Managers' Index in the United States stood at 56. An indicator of the economic health of the service sector, the Services Purchasing Managers' Index is based on four major indicators: business activity, new orders, employment, and supplier deliveries. An index value above 50 percent indicates a positive development in the service sector, whereas a value below 50 percent indicates a negative situation. Purchasing Managers' Index The Purchasing Manager's Index is a strong indicator of an economic sector's health. The PMI is based on a survey that is sent to more than 400 companies in 19 primary industries, which are weighted by their overall contribution to the nation's GDP. The industries are organized into economic sectors to construct a PMI relevant to each sector, such as construction being in the manufacturing sector. In 2021, the construction industry added 958.8 billion U.S. dollars to the Gross Domestic Product (GDP) of the United States. A high contribution to the GDP by an industry generally helps increase the value of the sector's PMI. As of April 2024, the manufacturing PMI indicated a negative situation at 49.2. The Service Sector The service sector, or tertiary sector, is the section of the economy that deals with the production of services rather than the production of goods or extraction of materials. Within the service sector are many industries such as banking and financial services, construction, education, transportation, hospitality, communication, real estate, information technology, legal services, and more. Unlike the Manufacturing PMI, the Service PMI is based on only four major indicators: business activity, new orders, employment, and supplier deliveries. As a sector that largely relies on human interaction, the service sector was particularly affected by the 2020 COVID-19 pandemic. However, the Services Employment Index, which shows the employment indicator of the Service PMI, was trending upwards over the summer months of 2022. As of March 2023 the SEI decreased to 51.3.

The Purchasing Managers' Index™ (PMI™) provides accurate and timely insights into the health of the global economy through market-moving monthly indicators, derived from monthly surveys covering 90% of Global GDP.

In October 2024, the value of the Manufacturing Purchasing Managers' Index (PMI) in the United States stood at 46.5. An indicator of the economic health of the manufacturing sector, the Purchasing Managers' Index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment. An index value above 50 percent indicates a positive development in the manufacturing sector, whereas a value below 50 percent indicates a negative situation.

This dataset provides values for MANUFACTURING PMI reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

ISM Manufacturing New Orders in the United States decreased to 48.60 points in February from 55.10 points in January of 2025. This dataset includes a chart with historical data for the United States ISM Manufacturing New Orders.

In February 2025, the Purchasing Managers' Index (PMI) in China resided at about 50.2 percent. An indicator of the economic health of the manufacturing sector, the PMI is based on five major indicators: new orders, inventory levels, production, supplier deliveries, and the employment environment. An index value above 50 percent indicates a positive development in the industrial sector, whereas a value below 50 percent indicates a negative situation. The PMI as a major economic indicator The Purchasing Managers' Index was first introduced by the US-based Institute of Supply Management in 1948. It has become one of the most widely used and closely watched indicators of business activities worldwide. The PMI is not only an apt indicator for manufacturing growth, it also supports interest rate decisions of central bank institutions. PMI figures around the globe were dominated by the COVID-19 pandemic in 2020. In the Euro area, the PMI recovered from a considerable drop in April 2020, regaining pre-crisis level in June. In the United States, the monthly PMI indicated an even better improvement from low values in April and March. Recent PMI development in China As is shown in the graph at hand, the PMI of China as the world’s second-largest economy dropped considerably in February 2020 due to the coronavirus pandemic. In March, the index indicated a striking rebound and ranged at a level slightly above 50 index points afterwards. During 2021, the index was characterized by a slightly downward trend. In 2022, the index displayed an unstable development with two significant dips in April and December, finally concluding with a strong rebound in January 2023. The non-manufacturing PMI in China displayed a similar development.

United States GDP Nowcast: saar: YoY: Contribution: Business Cycle Indicators: Report On Business: Purchasing Manager Index (PMI): Services data was reported at 0.786 % in 10 Mar 2025. This records an increase from the previous number of 0.755 % for 03 Mar 2025. United States GDP Nowcast: saar: YoY: Contribution: Business Cycle Indicators: Report On Business: Purchasing Manager Index (PMI): Services data is updated weekly, averaging 0.547 % from Jan 2019 (Median) to 10 Mar 2025, with 323 observations. The data reached an all-time high of 0.880 % in 28 Dec 2020 and a record low of 0.000 % in 17 Aug 2020. United States GDP Nowcast: saar: YoY: Contribution: Business Cycle Indicators: Report On Business: Purchasing Manager Index (PMI): Services data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Gross Domestic Product (GDP).

Philadelphia Fed Manufacturing Index in the United States decreased to 12.50 points in March from 18.10 points in February of 2025. This dataset provides the latest reported value for - United States Philadelphia Fed Manufacturing Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

ISM Manufacturing Prices in the United States increased to 62.40 points in February from 54.90 points in January of 2025. This dataset includes a chart with historical data for the United States ISM Manufacturing Prices Paid.

NY Empire State Manufacturing Index in the United States decreased to -20 points in March from 5.70 points in February of 2025. This dataset provides the latest reported value for - United States NY Empire State Manufacturing Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This dataset provides values for MANUFACTURING PMI reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

ISM Manufacturing Employment in the United States decreased to 47.60 points in February from 50.30 points in January of 2025. This dataset includes a chart with historical data for the United States ISM Manufacturing Employment.

Kansas Fed Manufacturing Index in the United States decreased to -13 points in February from -9 points in January of 2025. This dataset provides - United States Kansas Fed Manufacturing Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Richmond Fed Manufacturing Index in the United States decreased to -4 points in March from 6 points in February of 2025. This dataset provides - United States Richmond Fed Manufacturing Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

ISM Manufacturing Backlog of Orders in the United States increased to 46.80 points in February from 44.90 points in January of 2025. This dataset includes a chart with historical data for the United States ISM Manufacturing Backlog of Orders.