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US Services PMI at 52.8%: January 2025 Services ISM Report On Business
Economic activity in the services sector expanded for the seventh consecutive month in January, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The Services PMI® registered 52.8 percent, indicating expansion for the 53rd time in 56 months since recovery from the coronavirus pandemic-induced recession began in June 2020. The report was issued today by Steve Miller, CPSM, CSCP, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: “In January, the Services PMI® registered 52.8 percent, 1.2 percentage points lower than the ... (full story)
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ISM Services 52.8, Exp. 54.0
— zerohedge (@zerohedge) February 5, 2025
ISM Employment 52.3, Last 51.3
ISM Prices Paid 60.4, Last 64.4
ISM New Orders 51.3, Last 54.4
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ISM: US services activity shrinks in January
The activity in the service sector in the United States shrank in January, the Institute for Supply Management (ISM) said in its report on Wednesday. The Services Purchasing Managers' Index (PMI) fell from 54.1% in the previous month to 52.8%, below analysts' expectations. According to the report, the Business Activity Index declined by 3.5 percentage points from December and reached 54.5%. The New Orders Index decreased from 54.4% in the prior month to 51.3% in January. The Employment Index jumped by 0.1 percentage points to 52.3%. On the other hand, the Inventory Sentiment rose by 0.1 percentage points ... (full story)
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