All articles tagged with #services pmi
The July 2025 Services PMI® was 50.1%, indicating slight expansion in the U.S. service sector for the second consecutive month, with mixed signals such as contraction in employment and increased prices, reflecting slow growth and ongoing impacts from tariffs and global trade tensions.
The May 2025 Services PMI® fell to 49.9%, indicating a slight contraction in the U.S. services sector for the first time since June 2024, driven by declines in new orders and inventories, while employment and supplier deliveries showed signs of recovery amid rising prices and ongoing tariff uncertainties.
The Services PMI® for November 2024 registered at 52.1%, indicating continued expansion in the U.S. services sector for the fifth consecutive month, though at a slower rate than October's 56%. Key indices such as Business Activity and New Orders also showed growth, albeit at reduced levels compared to the previous month. The Employment Index remained in expansion territory, while Supplier Deliveries indicated faster performance. Despite the overall positive trend, concerns about tariffs and election outcomes were noted by respondents, affecting future outlooks in various industries.
The Services PMI® registered 53.4 percent in January, indicating the 13th consecutive month of expansion in the services sector, with increased business activity, new orders, and slower supplier deliveries. The Employment Index also showed growth after a month of contraction, while the Prices Index increased for the 80th consecutive month. Despite optimism about the economy, respondents expressed caution due to inflation, cost pressures, and geopolitical conflicts. Industries such as Health Care & Social Assistance, Agriculture, and Professional, Scientific & Technical Services reported growth, while others like Information and Retail Trade experienced a decrease.