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 |
|---|---|---|---|
| Jan 7, 2025 | 54.1 | 53.5 | 52.1 |
| Dec 4, 2024 | 52.1 | 55.7 | 56.0 |
| Nov 5, 2024 | 56.0 | 53.8 | 54.9 |
| 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 |
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- US ISM Services PMI News
From bnnbloomberg.ca|Jan 7, 2025Bitcoin’s march back above $100,000 didn’t last long. The token slid the most in more than two weeks on Tuesday, joining a retreat in US stocks, as fresh economic data sent Treasury yields soaring. The original cryptocurrency lost 5% to $96,525 at 2:40 p.m. in New York after topping $100,000 on Monday for the first time since Dec. 19. Most other major tokens slid as well, with Ether down 7.5% and XRP off almost 6%. Bitcoin extended losses Tuesday morning as equities turned lower following a two-day advance. A better-than-expected ...
From think.ing.com|Jan 7, 2025We have been suggesting that that the clarity provided by the clean election outcome would lead companies that delayed investment and hiring on election/regulatory uncertainty to start putting money to work. That is seemingly the case based on the latest ISM purchasing managers’ indices. Last week’s manufacturing showed both output and news posting decent gains and today’s services ISM index has also come in stronger than expected with the headline reading rising to 54.1 from 52.1, above the 53.5 consensus. Business activity looks ...
From prnewswire.com|Jan 7, 2025|3 commentsEconomic activity in the services sector expanded for the sixth consecutive month in December, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The Services PMI® registered 54.1 percent, indicating expansion for the 52nd time in 55 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 December, the Services PMI® registered 54.1 percent, 2 percentage points higher than November's figure of 52.1 percent. The reading in December marked the 10th time the composite index has been in expansion territory this year. The Business Activity Index registered 58.2 percent in December, 4.5 percentage points higher than the 53.7 percent recorded in November, indicating a sixth consecutive month of expansion and finishing the year with its third-highest reading for 2024. The New Orders Index recorded a reading of 54.2 percent in December, 0.5 percentage point higher than November's figure of 53.7 percent. The Employment Index remained in expansion territory for the fifth time in six months; the reading of 51.4 percent is a 0.1-percentage point decrease compared to the 51.5 percent recorded in November. "The Supplier Deliveries Index registered 52.5 percent, 3 percentage points higher than the 49.5 percent recorded in November. The index returned to expansion territory — indicating slower supplier delivery performance — to split the year, with six months each in expansion and contraction. (Supplier Deliveries is the only ISM® Report On Business® index that is inversed; a reading of above 50 percent indicates slower deliveries, which is typical as the post: US ISM Services Index Dec: 54.1 (est 53.5; prev 52.1) - Prices Paid: 64.4 (est 57.5; prev 58.2) - New Orders: 54.2 (est 54.2; prev 53.7) - Employment: 51.4 (est 51.4; prev 51.5)US Service Sector Rebounds In December, Inflation Index Surges Near 2-Year-High With 'soft' survey data trending lower (and PMIs mixed), analysts expected this morning's ISM Services data to print higher (catching up to S&P Global's PMI surge in December) and they were right. ISM Services surged to 54.1 (from 52.1 prior and better than the 53.5 expected) However, below the surface things are not so awesome as Prices Paid exploded from 58.2 to 64.4 and employment slipped to 51.4. Producers remain challenged by a strong dollar, potential tariffs (Trump Effect) and general uncertainty from dockworkers’ contract negotiations that are set to resume Tuesday. 'Inflation' expectations are at their highest since Feb 2023 - not at all what Powell and his pals want to see (or maybe it is).
From prnewswire.com|Dec 4, 2024|5 commentsEconomic activity in the services sector expanded for the fifth consecutive month in November, say the nation's purchasing and supply executives in the latest Services ISM Report On Business. The Services PMI registered 52.1 percent, indicating expansion for the 51st time in 54 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 November, the Services ...
- From prnewswire.com|Nov 5, 2024
Economic activity in the services sector expanded for the fourth consecutive month in October, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The Services PMI® registered 56 percent, which is the highest reading since July 2022 and indicates sector expansion for the 50th time in 53 months. The report was issued today by Steve Miller, CPSM, CSCP, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: "In October, the Services PMI® registered 56 ...
- From prnewswire.com|Oct 3, 2024|6 comments
Economic 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!
| Released on Jan 7, 2025 |
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| Released on Dec 4, 2024 |
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| Released on Nov 5, 2024 |
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| Released on Oct 3, 2024 |
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| Released on Sep 5, 2024 |
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