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 - Tuesday 5 March 2024 15:00

Previous
53.4
Revised
-
Forecast
53
Actual
52.6

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

Next event - Wednesday 3 April 2024 14:00

Previous
52.6
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 52.6 against a forecast of 53.

Past events

Date
Forecast
Actual
Tuesday 5 March 2024 15:00
53
52.6
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

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
Michigan Consumer Sentiment IndexBullish change76.579.4
Pending Home Sales (MoM)Bullish change-4.7%1.6%
UoM 5-year Consumer Inflation ExpectationBearish change2.9%2.8%
Chicago Purchasing Managers' IndexBearish change4441.4
Core Personal Consumption Expenditures (QoQ)Bearish change2.1%2%
Gross Domestic Product AnnualizedBullish change3.2%3.4%
Gross Domestic Product Price Index(no change)1.7%1.7%
Initial Jobless ClaimsBullish change212K210K
Personal Consumption Expenditures Prices (QoQ)(no change)1.8%1.8%
Housing Price Index (MoM)Bearish change0.1%-0.1%
Durable Goods OrdersBullish change-6.9%1.4%
Durable Goods Orders ex DefenseBullish change-7.9%2.2%
Durable Goods Orders ex TransportationBullish change-0.3%0.5%
Nondefense Capital Goods Orders ex AircraftBullish change-0.4%0.7%
New Home Sales Change (MoM)Bearish change1.7%-0.3%
Existing Home Sales Change (MoM)Bullish change3.1%9.5%
S&P Global Composite PMIBearish change52.552.2
S&P Global Manufacturing PMIBullish change52.252.5
S&P Global Services PMIBearish change52.351.7
Initial Jobless ClaimsBullish change212K210K
Philadelphia Fed Manufacturing SurveyBearish change5.23.2
Fed Interest Rate Decision(no change)5.5%5.5%
Interest Rate Projections - 1st yearBearish change4.6%3.9%
Interest Rate Projections - 2nd yearBearish change3.6%3.1%
Interest Rate Projections - CurrentBearish change5.4%4.6%
Interest Rate Projections - LongerBullish change2.5%2.6%
Building Permits (MoM)Bullish change1.489M1.518M
Housing Starts (MoM)Bullish change1.374M1.521M
Michigan Consumer Sentiment IndexBearish change76.976.5
UoM 5-year Consumer Inflation Expectation(no change)2.9%2.9%
Industrial Production (MoM)Bullish change-0.5%0.1%
NY Empire State Manufacturing IndexBearish change-2.4-20.9

About ISM Services PMI

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

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