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 |
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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 |
Feb 5, 2024 | 53.4 | 52.0 | 50.6 |
Jan 5, 2024 | 50.6 | 52.5 | 52.7 |
Dec 5, 2023 | 52.7 | 52.2 | 51.8 |
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- US ISM Services PMI News
- From think.ing.com|30 min ago
Today’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|5 hr ago|8 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 ...
- From bnnbloomberg.ca|Jun 5, 2024
The US services sector expanded in May by the most in nine months, powered by the largest monthly gain in a measure of business activity since 2021. The Institute for Supply Management’s composite gauge of services jumped 4.4 points, the most since the start of last year, to 53.8. Readings above 50 indicate expansion, and the May figure exceeded all forecasts in a Bloomberg survey of economists. The ISM’s business activity index — which parallels the group’s factory output gauge — soared 10.3 points, the largest monthly advance since ...
- From prnewswire.com|Jun 5, 2024|20 comments
Economic activity in the services sector grew in May after contracting in April for the first time since December 2022, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The Services PMI® registered 53.8 percent, indicating sector expansion for the 46th time in 48 months. The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: "In May, the Services PMI® registered 53.8 percent, ...
- From raymondjames.com|May 3, 2024
We try not to react to just one data point because, as we have always said, “a data point doesn’t a trend make.” Furthermore, we don’t know if this is just a one-time event or if it is the start of something more. But we have been expecting a slowdown in economic activity for a while, and April’s 175,000 nonfarm payrolls is the first sign that maybe, just maybe, our expectation for a slowdown in economic activity is finally here. If you look at our forecast, we are still expecting a slowdown in economic activity, if not for any ...
- From youtube.com/cmegroup|May 3, 2024
WTI futures print their steepest weekly drop in three months. Dan Deming examines.
- From finance.yahoo.com|May 3, 2024|1 comment
The U.S. services sector contracted in March, while a measure of prices paid by businesses for inputs jumped, a worrisome sign for the outlook on inflation. The Institute for Supply Management (ISM) said on Friday that its non-manufacturing PMI fell to 49.4 last month from 51.4 in March, the lowest reading since December 2022. A reading above 50 indicates growth in the services industry, which accounts for more than two-thirds of the economy. The PMI adds to evidence that the economy is beginning to lose some steam after expanding at ...
- From prnewswire.com|May 3, 2024|9 comments
Economic activity in the services sector contracted in April for the first time since December 2022, ending a period of 15 consecutive months of growth, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The Services PMI® registered 49.4 percent; it indicated sector expansion in 45 of the previous 47 months. The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: "In April, the Services PMI® registered 49.4 percent, 2 percentage points lower than March's reading of 51.4 percent. The composite index indicated contraction in April after 15 consecutive months of growth since a reading of 49 percent in December 2022, the first contraction since May 2020 (45.4 percent). The Business Activity Index registered 50.9 percent in April, which is 6.5 percentage points lower than the 57.4 percent recorded in March. The New Orders Index ex post: US ISM Services Index Apr: 49.4 (est 52.0; prev 51.4) - Prices Paid: 59.2 (est 55.0; prev 53.4) - Employment: 49.5 (est 49.0; prev 48.5) - New Orders: 52.2 (est 54.5; prev 54.4)
Released on Jul 3, 2024 |
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Released on Jun 5, 2024 |
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Released on May 3, 2024 |
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