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 forex.com|Aug 3, 2024On Friday, we saw bond yields dip sharply post a disappointing US jobs report. Surprisingly, this did not bolster gold prices as expected. Despite climbing to a weekly high, gold then reversed and dropped. This anomaly was probably due to the continued sell-off in stocks, which forced the liquidation of leveraged long trades, negatively impacting gold. However, the downside appears limited, and new all-time highs are still within reach. Our gold forecast remains bullish. The latest US jobs report underwhelmed expectations, causing ...
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 youtube.com/kitco|Jul 3, 2024Jeremy Szafron, Anchor at Kitco News, interviews Adam Button, Chief Currency Analyst and Managing Editor at ForexLive. Button dives into the current economic landscape, exploring the impact of the latest ISM services PMI hitting a four-year low and the implications of a cyclical slowdown on the Federal Reserve's rate decisions. He also analyzes the ongoing strength of the US dollar amidst global economic uncertainties, Japan's strategy to stabilize the yen under new currency diplomat Atsushi Mimura, and the potential political ...
| Released on Oct 3, 2024 |
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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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