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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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 |
Feb 22, 2024 | 51.3 | 52.4 | 52.5 |
Jan 24, 2024 | 52.9 | 51.4 | 51.4 |
Dec 15, 2023 | 51.3 | 50.7 | 50.8 |
Nov 24, 2023 | 50.8 | 50.4 | 50.6 |
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- US Flash Services PMI News
- From kitco.com|Jun 21, 2024
The gold market is holding support above $2,350 an ounce but is seeing some renewed selling pressure as both the U.S. manufacturing and service sectors see healthy activity in June. Friday, S&P Global said its preliminary Purchasing Managers Index for the manufacturing sector rose to 51.7, from May’s reading of 51.3. Activity in the manufacturing sector was better than expected, as economists forecasted a relatively neutral reading at 51.0. The report said that activity in the manufacturing sector has risen to a three-month high. ...
- From pmi.spglobal.com|Jun 21, 2024|2 comments
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 ...
- From news.metal.com|May 24, 2024
Overnight, LME copper opened at $10,330/mt, initially dipped to a low of $10,330/mt, then fluctuated upwards, reaching a high of $10,508/mt during the session, before falling back to close at $10,359/mt, with a decline of 0.36%. Trading volume reached 30,000 lots, and open interest reached 348,000 lots. Overnight, the most-traded SHFE copper contract opened at 83,610 yuan/mt, initially peaked at 84,380 yuan/mt, then fluctuated downwards, reaching a low of 83,450 yuan/mt during the session, before closing at 83,620 yuan/mt, with a ...
- From pmi.spglobal.com|May 23, 2024|4 comments
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 ...
- From bnnbloomberg.ca|Apr 23, 2024
US business activity expanded in April at the slowest pace this year on a pullback in demand that led to the first decline in employment since 2020. The S&P Global flash April composite index of output at manufacturers and service providers slipped 1.2 points, the most since August, to 50.9. Readings above 50 indicate expansion. The composite measure of orders showed the first contraction in six months. The group’s measure of employment slid 3.2 points to 48, reflecting shrinking services payrolls and slower growth at manufacturers. ...
- From pmi.spglobal.com|Apr 23, 2024|13 comments
US business activity continued to increase in April, but the rate of expansion slowed amid signs of weaker demand. The latest rise in output was the smallest in the year-to-date reflecting reduced rates of growth and falling orders in both the manufacturing and services sectors. April saw an overall reduction in new orders for the first time in six months. Companies responded by scaling back employment for the first time in almost four years, with business confidence also waning to the lowest since last November. Rates of inflation ...
- From bnnbloomberg.ca|Mar 21, 2024|2 comments
US manufacturing activity expanded by the most since mid-2022 as production and factory employment growth accelerated along with measures of inflation. The S&P Global flash March factory purchasing managers index edged up 0.3 point to 52.5, marking the third straight month above a level of 50 that indicates expansion. Manufacturing output growth was the strongest since May 2022, driven by improving demand both at home and abroad, while the employment gauge reached an eight-month high. The group’s composite measure of prices received ...
- From pmi.spglobal.com|Mar 21, 2024|7 comments
Business activity in the US continued to increase solidly at the end of the first quarter of the year, although growth ticked down from that seen in the previous survey period. The softer overall expansion reflected a weaker rise in services activity, while manufacturing production increased at the fastest pace in almost two years. A similar picture was seen with regards to demand, with new orders rising at a slightly softer pace in March. The rate of job creation edged up to the strongest in the yearto-date, however, amid the most ...
Released on Jun 21, 2024 |
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Released on May 23, 2024 |
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Released on Mar 21, 2024 |
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