2018 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

PMI Services Index  
Released On 5/3/2018 9:45:00 AM For Apr, 2018
PriorConsensusConsensus RangeActual
Level54.0 54.4 54.4  to 55.0 54.6 

A strong growth rate in new orders leads an upbeat PMI services report for April. The headline index ends April at 54.6, up 2 tenths from the mid-month flash and up 6 tenths from March. Employment growth in the sample remains very strong as do backlogs while confidence in the outlook is picking up, hitting a nearly 3-year high.

All this strength is being reflected in prices with both input costs and selling prices on the rise. These results together with last week's PMI manufacturing report make for a 7 tenths gain in the PMI composite to 54.9 in April.

Consensus Outlook
PMI services edged higher in the flash for April and are expected to hold at a solid 54.4 in the final. Order readings were the highlight of the flash report.

US Services Purchasing Managers' Index (PMI) is based on monthly questionnaire surveys collected from over 400 U.S. companies which provide a leading indication of what is happening in the private sector services economy. It is seasonally adjusted and is calculated from seven components, including New Business, Employment and Business Expectations.  Why Investors Care

2018 Release Schedule
Released On: 1/42/53/54/45/36/57/58/39/610/311/512/5
Release For: DecJanFebMarAprMayJunJulAugSepOctNov

powered by  [Econoday]