November 30, 2022

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US ISM services PMI for July 64.1 versus 60.5 estimate

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US ISM services PMI for July 64.1 versus 60.5 estimate


US ISM Services PMI for July

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  • ISM services PMI for July 2021
  • Prior report 60.1
  • business activity index at 67
  • employment 53.8 versus 49.3 last month
  • new orders 63.7 versus 62.1 last month
  • inventories 49.2 versus 49.9 last month. This is the 14th consecutive increase
  • prices paid 82.3 versus 79.5 last month
  • order backlog 63.5 versus 65.8 last month
  • export orders 65.8 versus 50.7 last month
  • import orders 51.6 versus 58.2 last month
  • supplier deliveries 72 versus 60.5 last month
  • The 64.1 is the highest reading since the inception of the service PMI in 2008. 
  • The 12 month average is 59.5. 
  • The high is this month 64.1 while the low is at 55.3
  • The 17 industries reporting an increase in business activity for the month of July – listed in order – are: Arts, Entertainment & Recreation; Management of Companies & Support Services; Wholesale Trade; Retail Trade; Real Estate, Rental & Leasing; Accommodation & Food Services; Information; Health Care & Social Assistance; Transportation & Warehousing; Public Administration; Utilities; Other Services; Construction; Professional, Scientific & Technical Services; Finance & Insurance; Educational Services; and Mining. 
  • No industry reported a decrease in July.
  • Employment activity in the services sector grew in July after a month of contraction. ISM®’s Services Employment Index registered 53.8 percent in July, up 4.5 percentage points from the June reading of 49.3 percent.

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