US ISM 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. Source changed series from unadjusted to seasonally adjusted as of January 2001. Source changed series calculation formula as of Feb 2008;
- US ISM Services PMI Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Oct 3, 2024 | 54.9 | 51.7 | 51.5 |
| Sep 5, 2024 | 51.5 | 51.3 | 51.4 |
| Aug 5, 2024 | 51.4 | 51.1 | 48.8 |
| Jul 3, 2024 | 48.8 | 52.6 | 53.8 |
| Jun 5, 2024 | 53.8 | 51.0 | 49.4 |
| May 3, 2024 | 49.4 | 52.0 | 51.4 |
| Apr 3, 2024 | 51.4 | 52.8 | 52.6 |
| Mar 5, 2024 | 52.6 | 53.0 | 53.4 |
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- US ISM Services PMI News
From prnewswire.com|Oct 3, 2024|6 commentsEconomic activity in the services sector expanded for the third consecutive month in September, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The Services PMI® registered 54.9 percent, which is the highest reading since February 2023 and indicates sector expansion for the 49th time in 52 months. The report was issued today by Steve Miller, CPSM, CSCP, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: "In September, the Services PMI® registered ...
- From prnewswire.com|Sep 5, 2024|1 comment
Economic activity in the services sector expanded for the second consecutive month in August, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The Services PMI® registered 51.5 percent, indicating sector expansion in six of eight months in 2024. This month's reading indicates sector expansion for the 48th time in 51 months. The report was issued today by Steve Miller, CPSM, CSCP, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: "In August, the Services PMI® registered 51.5 percent, 0.1 percentage point higher than July's figure of 51.4 percent. The reading in August marked the sixth time the composite index has been in expansion territory in 2024. The Business Activity Index registered 53.3 percent in August, which is 1.2 percentage points lower than the 54.5 percent recorded in July and indicated continuing expansion after one month of contraction in June. The New Orders Index expanded to 53 percent in August, 0.6 percentage point higher than July's figure of 52.4 percent. The Employment Index expanded for the third time in 2024; the reading of 50.2 percent is a 0.9-percentage point decrease compared to the 51.1 percent recorde post: ISM Services 51.5, Exp. 51.4, Last 51.4 New Orders 53.0, Exp. 51.9 Prices Paid 57.3, Exp. 56.0 Employment 50.2, Exp. 50.5
From youtube.com/easymarkets|Sep 5, 2024|1 commentWe will be keeping a close eye on the US ISM Services PMI today, as the Manufacturing one on Tuesday did fail to meet its expectations. However, a worse situation would be if the ISM Services PMI comes out below 50. Let's find out!
From think.ing.com|Aug 5, 2024The US ISM non-manufacturing index has risen to 51.4 from 48.8, above the 51.0 consensus. New orders jumped to 52.4 from 47.3 while employment is back in growth territory at 51.1 from 46.1. The activity/production index is particularly strong at 54.5 versus 49.6 while prices paid rose to 57.0 from 56.3. As such this doesn't fit the impending recession narrative that has gripped markets over the past couple of trading sessions and should go some way to diminishing the pricing of an inter-meeting rate cut. As the chart below shows, the ...
From prnewswire.com|Aug 5, 2024|1 commentEconomic activity in the services sector expanded in July, a trend that has been interrupted only three times — though twice in the last four months — since early in the coronavirus pandemic, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The Services PMI® registered 51.4 percent, indicating sector expansion for the 47th time in 50 months. The report was issued today by Steve Miller, CPSM, CSCP, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: ...
From youtube.com/realvisionfinance|Jul 8, 2024Andreas Steno Larsen, founder and CEO of Steno Research, is back alongside his co-host, Steno Research head of geopolitics Mikkel Rosenvold, for another episode of Macro Mondays. This time, Andreas and Mikkel examine whether a disappointing ISM report signals a looming recession for the U.S., what the French election results mean for the world economy, and more.
From think.ing.com|Jul 3, 2024Today’s data has offered more evidence of a cooling economy and softening jobs market. Initial claims continue trending higher, albeit slowly, while continuing claims rose to their highest level since November 2021. This suggests that while firing rates remain low, if you do unfortunately lose your job it is becoming much harder to find a new position. However, the really eye-catching release is the truly dismal ISM services index for June. It dropped to 48.8 from 53.8 (consensus 52.7). This is below all the individual forecasts ...
- From prnewswire.com|Jul 3, 2024|7 comments
Economic activity in the services sector contracted in June for the second time in the last three months, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The Services PMI® registered 48.8 percent, indicating sector contraction for the third time in 49 months. The report was issued today by Steve Miller, CPSM, CSCP, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: "In June, the Services PMI® registered 48.8 percent, 5 percentage points lower ...
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| Released on Sep 5, 2024 |
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| Released on Aug 5, 2024 |
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| Released on Jul 3, 2024 |
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