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ISM Services Employment Index

The ISM Non-Manufacturing PMI released by the Institute for Supply Management (ISM) shows business conditions in the US non-manufacturing sector, taking into account expectations for future production, new orders, inventories, employment and deliveries. It is a significant indicator of the overall economic condition in the US. The ISM Services Employment Index represents business sentiment regarding labor market conditions and is considered a strong Non-Farm Payrolls leading indicator. A result above 50 is positive (or bullish) for the USD.

Most recent - Wednesday 3 April 2024 14:00

Previous
48
Revised
-
Forecast
-
Actual
48.5

Next event - Friday 3 May 2024 14:00

Previous
48.5
Forecast
-
Actual
-

The typical/expected impact on USD pairs is medium.

There is no forecast value for ISM Services Employment Index yet - check back for updates.

Trading range

Forecast history

The most recent announced value for ISM Services Employment Index was 48.5.

Past events

Date
Forecast
Actual
Wednesday 3 April 2024 14:00
-
48.5
Tuesday 5 March 2024 15:00
-
48
Monday 5 February 2024 15:00
-
50.5
Friday 5 January 2024 15:00
-
43.3
Tuesday 5 December 2023 15:00
-
50.7
Friday 3 November 2023 14:00
-
50.2
Wednesday 4 October 2023 14:00
-
53.4
Wednesday 6 September 2023 14:00
-
54.7
Thursday 3 August 2023 14:00
51.1
50.7
Thursday 6 July 2023 14:00
-
53.1
Monday 5 June 2023 14:00
51
49.2
Wednesday 3 May 2023 14:00
52.6
50.8
Wednesday 5 April 2023 14:00
52
51.3
Friday 3 March 2023 15:00
49.8
54
Friday 3 February 2023 15:00
50.5
50
Friday 6 January 2023 15:00
50.2
49.8
Monday 5 December 2022 15:00
51
51.5
Thursday 3 November 2022 14:00
51.6
49.1
Wednesday 5 October 2022 14:00
49.6
53
Tuesday 6 September 2022 14:00
48.2
50.2
Wednesday 3 August 2022 14:00
48.7
49.1
Wednesday 6 July 2022 14:00
49.8
47.4
Friday 3 June 2022 14:00
51.7
50.2
Wednesday 4 May 2022 14:00
51.2
49.5
Tuesday 5 April 2022 14:00
50.3
54
Thursday 3 March 2022 15:00
53.5
48.5
Thursday 3 February 2022 15:00
55.7
52.3
Thursday 6 January 2022 15:00
54.1
54.9
Friday 3 December 2021 15:00
52.2
56.5
Wednesday 3 November 2021 14:00
53.3
51.6
Tuesday 5 October 2021 14:00
53.7
53
Friday 3 September 2021 14:00
51.5
53.7
Wednesday 4 August 2021 14:00
-
53.8
Tuesday 6 July 2021 14:00
57
49.3
Thursday 3 June 2021 14:00
58
55.3
Wednesday 5 May 2021 14:00
55
58.8

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next ISM Services Employment Index result:

PreviousLatest
New Home Sales Change (MoM)Bullish change-5.1%8.8%
S&P Global Composite PMIBearish change52.150.9
S&P Global Manufacturing PMIBearish change51.949.9
S&P Global Services PMIBearish change51.750.9
Existing Home Sales Change (MoM)Bearish change9.5%-4.3%
Initial Jobless Claims(no change)212K212K
Philadelphia Fed Manufacturing SurveyBullish change3.215.5
Industrial Production (MoM)(no change)0.4%0.4%
Building Permits (MoM)Bearish change1.523M1.458M
Housing Starts (MoM)Bearish change1.549M1.321M
NY Empire State Manufacturing IndexBullish change-20.9-14.3
Retail Sales (MoM)Bearish change0.9%0.7%
Retail Sales Control GroupBullish change0.3%1.1%
Retail Sales ex Autos (MoM)Bullish change0.6%1.1%
Michigan Consumer Sentiment IndexBearish change79.477.9
UoM 5-year Consumer Inflation ExpectationBullish change2.8%3%
Initial Jobless ClaimsBullish change222K211K
Producer Price Index (MoM)Bearish change0.6%0.2%
Producer Price Index (YoY)Bullish change1.6%2.1%
Producer Price Index ex Food & Energy (MoM)Bearish change0.3%0.2%
Producer Price Index ex Food & Energy (YoY)Bullish change2.1%2.4%
Monthly Budget StatementBullish change$-296B$-236B
Consumer Price Index (MoM)(no change)0.4%0.4%
Consumer Price Index (YoY)Bullish change3.2%3.5%
Consumer Price Index ex Food & Energy (MoM)(no change)0.4%0.4%
Consumer Price Index ex Food & Energy (YoY)(no change)3.8%3.8%

About ISM Services Employment Index

Country:United States
Currency:USD
Source:Institute for Supply Management
Category:Labor Market
Frequency:Monthly

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