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ISM Services PMI

The Institute for Supply Management’s (ISM) Services Purchasing Managers Index (PMI) reveals the current conditions in the US service sector, which has historically been a large GDP contributor. A print above 50 shows expansion in the service sector’s economic activity. Stronger-than-expected readings usually help the USD gather strength against its rivals. In addition to the headline PMI, the Employment Index and the Prices Paid Index numbers are also watched closely by investors as they provide useful insights regarding the state of the labour market and inflation.

Most recent - Monday 5 February 2024 15:00

Previous
50.5
Revised
50.5
Forecast
52
Actual
53.4

Higher numbers than forecast tend to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Next event - Monday 4 March 2024 15:00

Previous
-
Forecast
-
Actual
-

The typical/expected impact on USD pairs is high.

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

Trading range

Forecast history

The most recent announced value for ISM Services PMI was 53.4 against a forecast of 52.

Past events

Date
Forecast
Actual
Monday 5 February 2024 15:00
52
53.4
Friday 5 January 2024 15:00
52.6
50.6
Tuesday 5 December 2023 15:00
52
52.7
Friday 3 November 2023 14:00
53
51.8
Wednesday 4 October 2023 14:00
53.6
53.6
Wednesday 6 September 2023 14:00
52.5
54.5
Thursday 3 August 2023 14:00
53
52.7
Thursday 6 July 2023 14:00
51
53.9
Monday 5 June 2023 14:00
51.5
50.3
Wednesday 3 May 2023 14:00
51.8
51.9
Wednesday 5 April 2023 14:00
54.5
51.2
Friday 3 March 2023 15:00
54.5
55.1
Friday 3 February 2023 15:00
50.4
55.2
Friday 6 January 2023 15:00
55
49.6
Monday 5 December 2022 15:00
53.1
56.5
Thursday 3 November 2022 14:00
55.5
54.4
Wednesday 5 October 2022 14:00
56
56.7
Tuesday 6 September 2022 14:00
55.1
56.9
Wednesday 3 August 2022 14:00
53.5
56.7
Wednesday 6 July 2022 14:00
54.5
55.3
Friday 3 June 2022 14:00
56.4
55.9
Wednesday 4 May 2022 14:00
58.5
57.1
Tuesday 5 April 2022 14:00
58
58.3
Thursday 3 March 2022 15:00
61
56.5
Thursday 3 February 2022 15:00
59.5
59.9
Thursday 6 January 2022 15:00
66.9
62
Friday 3 December 2021 15:00
65
69.1
Wednesday 3 November 2021 14:00
62
66.7
Tuesday 5 October 2021 14:00
60
61.9
Friday 3 September 2021 14:00
61.5
61.7
Wednesday 4 August 2021 14:00
60.4
64.1
Tuesday 6 July 2021 14:00
63.5
60.1
Thursday 3 June 2021 14:00
63
64
Wednesday 5 May 2021 14:00
64.3
62.7
Monday 5 April 2021 14:00
58.5
63.7
Wednesday 3 March 2021 15:00
58.7
55.3

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 PMI result:

PreviousLatest
Pending Home Sales (MoM)Bearish change5.7%-4.9%
Chicago Purchasing Managers' IndexBearish change4644
Personal SpendingBearish change0.7%0.2%
Personal Income (MoM)Bullish change0.3%1%
Initial Jobless ClaimsBearish change202K215K
Core Personal Consumption Expenditures - Price Index (YoY)Bearish change2.9%2.8%
Personal Consumption Expenditures - Price Index (MoM)Bullish change0.1%0.3%
Core Personal Consumption Expenditures - Price Index (MoM)Bullish change0.1%0.4%
Personal Consumption Expenditures - Price Index (YoY)Bearish change2.6%2.4%
Gross Domestic Product Price IndexBullish change1.5%1.7%
Gross Domestic Product AnnualizedBearish change3.3%3.2%
Core Personal Consumption Expenditures (QoQ)Bullish change2%2.1%
Personal Consumption Expenditures Prices (QoQ)Bullish change1.7%1.8%
Housing Price Index (MoM)Bearish change0.4%0.1%
Durable Goods Orders ex TransportationBearish change-0.1%-0.3%
Durable Goods Orders ex DefenseBearish change0.1%-7.3%
Nondefense Capital Goods Orders ex AircraftBullish change-0.6%0.1%
Durable Goods OrdersBearish change-0.3%-6.1%
New Home Sales Change (MoM)Bearish change7.2%1.5%
Existing Home Sales Change (MoM)Bullish change-0.8%3.1%
S&P Global Services PMIBearish change52.551.3
S&P Global Composite PMIBearish change5251.4
S&P Global Manufacturing PMIBullish change50.751.5
Initial Jobless ClaimsBullish change213K201K
Michigan Consumer Sentiment IndexBullish change7979.6
UoM 5-year Consumer Inflation Expectation(no change)2.9%2.9%

About ISM Services PMI

Country:United States
Currency:USD
Source:Institute for Supply Management
Category:Economic Activity
Frequency:Monthly

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