S&P Global Services PMI

The Services Purchasing Managers Index (PMI) released by Markit Economics captures business conditions in the services sector. As the services sector dominates a large part of total GDP, the services PMI is an important indicator of the overall economic condition in US. A result above 50 signals is bullish for the USD, whereas a result below 50 is seen as bearish.

Most recent - Wednesday 3 July 2024 13:45

Previous
55.1
Forecast
55.1
Actual
55.3

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

Next event - Tuesday 23 July 2024 13:45

Previous
-
Forecast
-
Actual
-

The typical/expected impact on USD pairs is high.

There is no forecast value for S&P Global Services PMI yet - check back for updates.

Trading range

Forecast history

The most recent announced value for S&P Global Services PMI was 55.3 against a forecast of 55.1.

Past events

Date
Forecast
Actual
Wednesday 3 July 2024 13:45
55.1
55.3
Friday 21 June 2024 13:45
53.7
55.1
Wednesday 5 June 2024 13:45
54.8
54.8
Thursday 23 May 2024 13:45
51.3
54.8
Friday 3 May 2024 13:45
50.9
51.3
Tuesday 23 April 2024 13:45
52
50.9
Wednesday 3 April 2024 13:45
-
51.7
Thursday 21 March 2024 13:45
52
51.7
Tuesday 5 March 2024 14:45
-
52.3
Thursday 22 February 2024 14:45
52
51.3
Monday 5 February 2024 14:45
52.9
52.5
Wednesday 24 January 2024 14:45
51
52.9
Thursday 4 January 2024 14:45
51.3
51.4
Friday 15 December 2023 14:45
50.6
51.3
Tuesday 5 December 2023 14:45
50.8
50.8
Friday 24 November 2023 14:45
50.4
50.8
Friday 3 November 2023 13:45
50.9
50.6
Tuesday 24 October 2023 13:45
49.9
50.9
Wednesday 4 October 2023 13:45
50.2
50.1
Friday 22 September 2023 13:45
50.6
50.2
Wednesday 6 September 2023 13:45
51
50.5
Wednesday 23 August 2023 13:45
52.2
51
Thursday 3 August 2023 13:45
52.4
52.3
Monday 24 July 2023 13:45
54
52.4
Thursday 6 July 2023 13:45
54.1
54.4
Friday 23 June 2023 13:45
54
54.1
Monday 5 June 2023 13:45
55.1
54.9
Tuesday 23 May 2023 13:45
52.6
55.1
Wednesday 3 May 2023 13:45
53.7
53.6
Friday 21 April 2023 13:45
51.5
53.7
Wednesday 5 April 2023 13:45
53.8
52.6
Friday 24 March 2023 13:45
50.5
53.8
Friday 3 March 2023 14:45
50.5
50.6
Tuesday 21 February 2023 14:45
47.2
50.5
Friday 3 February 2023 14:45
46.6
46.8
Tuesday 24 January 2023 14:45
44.5
46.6
Thursday 5 January 2023 14:45
44.4
44.7
Friday 16 December 2022 14:45
46.8
44.4
Monday 5 December 2022 14:45
46.1
46.2
Wednesday 23 November 2022 14:45
47.9
46.1
Thursday 3 November 2022 13:45
46.6
47.8
Monday 24 October 2022 13:45
49.2
46.6
Wednesday 5 October 2022 13:45
49.2
49.3
Friday 23 September 2022 13:45
45
49.2
Tuesday 6 September 2022 13:45
44.1
43.7
Tuesday 23 August 2022 13:45
49.2
44.1
Wednesday 3 August 2022 13:45
47
47.3
Friday 22 July 2022 13:45
52.6
47
Wednesday 6 July 2022 13:45
-
52.7
Thursday 23 June 2022 13:45
53.5
51.6
Friday 3 June 2022 13:45
-
53.4
Tuesday 24 May 2022 13:45
55.2
53.5
Wednesday 4 May 2022 13:45
54.7
55.6
Friday 22 April 2022 13:45
58
54.7
Tuesday 5 April 2022 13:45
58.9
58
Thursday 24 March 2022 13:45
56
58.9
Thursday 3 March 2022 14:45
-
56.5
Tuesday 22 February 2022 14:45
53
56.7
Thursday 3 February 2022 14:45
50.9
51.2
Monday 24 January 2022 14:45
55
50.9
Wednesday 5 January 2022 14:45
57.5
57.6
Thursday 16 December 2021 14:45
58.7
57.5
Friday 3 December 2021 14:45
57
58
Tuesday 23 November 2021 14:45
59.1
57
Wednesday 3 November 2021 13:45
58.2
58.7
Friday 22 October 2021 13:45
55.1
58.2
Tuesday 5 October 2021 13:45
54.4
54.9
Thursday 23 September 2021 13:45
55
54.4
Friday 3 September 2021 13:45
55.2
55.1
Monday 23 August 2021 13:45
59.5
55.2
Wednesday 4 August 2021 13:45
-
59.9
Friday 23 July 2021 13:45
64.8
59.8

Economic context

Recent economic data has been moderately bearish for USD. Other recent announcements which may affect the market's interpretation of the next S&P Global Services PMI result:

PreviousLatest
Michigan Consumer Sentiment IndexBearish change68.266
UoM 5-year Consumer Inflation ExpectationBearish change3%2.9%
Producer Price Index ex Food & Energy (MoM)Bullish change0.3%0.4%
Producer Price Index (MoM)Bullish change0%0.2%
Producer Price Index (YoY)Bullish change2.4%2.6%
Producer Price Index ex Food & Energy (YoY)Bullish change2.6%3%
Monthly Budget StatementBullish change$-347B$-66B
Consumer Price Index (MoM)Bearish change0%-0.1%
Consumer Price Index (YoY)Bearish change3.3%3%
Consumer Price Index ex Food & Energy (MoM)Bearish change0.2%0.1%
Consumer Price Index ex Food & Energy (YoY)Bearish change3.4%3.3%
Initial Jobless ClaimsBullish change239K222K
Average Hourly Earnings (MoM)Bearish change0.4%0.3%
Average Hourly Earnings (YoY)Bearish change4.1%3.9%
Labor Force Participation RateBullish change62.5%62.6%
Nonfarm PayrollsBearish change218K206K
U6 Underemployment Rate(no change)7.4%7.4%
Unemployment RateBearish change4%4.1%
Factory Orders (MoM)Bearish change0.4%-0.5%
ISM Services Employment IndexBearish change47.146.1
ISM Services New Orders IndexBearish change54.147.3
ISM Services PMIBearish change53.848.8
ISM Services Prices PaidBearish change58.156.3
S&P Global Composite PMIBullish change54.654.8
Initial Jobless ClaimsBearish change233K238K
ADP Employment ChangeBearish change157K150K
Challenger Job CutsBearish change63.816K48.786K
JOLTS Job OpeningsBullish change7.919M8.14M
ISM Manufacturing Employment IndexBearish change51.149.3
ISM Manufacturing New Orders IndexBullish change45.449.3
ISM Manufacturing PMIBearish change48.748.5
ISM Manufacturing Prices PaidBearish change5752.1

About S&P Global Services PMI

Country:United States
Currency:USD
Source:IHS Markit
Category:Economic Activity
Frequency:Monthly

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