US Flash Services PMI
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;
Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Nov 2013, is the earliest and thus tends to have the most impact;
- US Flash Services PMI Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Oct 24, 2024 | 55.3 | 55.0 | 55.2 |
Sep 23, 2024 | 55.4 | 55.3 | 55.7 |
Aug 22, 2024 | 55.2 | 54.0 | 55.0 |
Jul 24, 2024 | 56.0 | 54.7 | 55.3 |
Jun 21, 2024 | 55.1 | 53.4 | 54.8 |
May 23, 2024 | 54.8 | 51.2 | 51.3 |
Apr 23, 2024 | 50.9 | 52.0 | 51.7 |
Mar 21, 2024 | 51.7 | 52.0 | 52.3 |
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- US Flash Services PMI News
October’s flash US PMI® survey signalled a further solid rise in business activity to mark a robust start to the fourth quarter. Growth was driven solely by the service sector, however, as manufacturing output contracted for a third month running. Meanwhile, employment fell slightly for a third successive month amid uncertainty ahead of the Presidential Election. Confidence in the outlook over the coming year meanwhile recovered after a steep decline in September, as companies anticipated greater stability and certainty postelection. ...
Expectations that the Bank of Canada will cut rates by 50 basis points at its October meeting firmed up after the latest CPI data. Nevertheless, markets are not fully convinced of an outsized move, hence, there is a little bit of uncertainty heading into Wednesday’s decision by Canada’s central bank. On the face of it, the Canadian economy is not in great shape. Growth has been sluggish at best since late 2022 and the jobless rate has jumped from a post-pandemic low of 4.8% to around 6.5%. More importantly, the Bank of Canada has ...
US business activity growth remained robust in September, according to flash PMI survey data from S&P Global, signaling a sustained economic expansion over the third quarter. Only a small loss of momentum was evident in September, but growth disparities persisted. A further solid expansion of the service sector contrasted with a second successive month of modestly falling output in the manufacturing sector. A moderation of order book growth and a deterioration in business expectations for the year ahead to a near twoyear low ...
US business activity growth remained robust in August, according to flash PMI survey data from S&P Global, signalling a sustained economic expansion over the third quarter so far. Growth disparities widened further, however, with the service sector expanding at a solid and increased rate while manufacturing output declined at the fastest rate for 14 months. Employment meanwhile fell as gloomier prospects in manufacturing led to a near-stalling of hiring there, while service sector payroll numbers fell amid hiring difficulties. ...
The S&P 500 ($SPX) (SPY) had a phenomenal week last week ending up 4.00%. This week is a lot quieter on both the news and earnings front until the end of the week. FOMC Meeting Minutes, the Jackson Hole symposium, PMI, and some bigger earnings are released in the back half of the week. Here are 5 things to watch this week in the Market. Earnings Earnings are pretty slim this week with some larger names coming in on Wednesday and Thursday. TJX Holdings (TJX), which manages TJ Max and Homegoods is one of those reporting Wednesday. In ...
US business activity growth edged up to its fastest for 27 months in July, according to flash PMI survey data from S&P Global, signalling an encouragingly strong start to the third quarter. Growth disparities widened, however, with the service sector leading the upturn while manufacturing output slipped into decline for the first time in six months. The positive news was further marred by employment growing at a slower rate, and business confidence in the outlook falling for a second month, fueled in part by rising political ...
US business activity growth accelerated to its fastest for 26 months in June, according to provisional PMI survey data from S&P Global, signalling a strong end to the second quarter. The service sector led the upturn with additional support from manufacturing, albeit with the latter’s recent revival losing some momentum. Improved business confidence for the year ahead, notably in the service sector, as well as renewed pressure on operating capacity from rising demand, meanwhile encouraged firms to boost payroll numbers for the first ...
US business activity growth accelerated sharply to its fastest for just over two years in May, according to provisional PMI survey data from S&P Global, signalling an improved economic performance midway through the second quarter. The service sector led the upturn, reporting the largest output rise for a year, but manufacturing also showed stronger growth. Although companies continued to report lower employment, the rate of job losses moderated amid improved business confidence for the year ahead and higher order book intakes. Both ...
Released on Oct 24, 2024 |
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Released on Sep 23, 2024 |
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Released on Aug 22, 2024 |
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Released on Jul 24, 2024 |
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Released on Jun 21, 2024 |
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Released on May 23, 2024 |
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