X

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 - Thursday 22 February 2024 14:45

Previous
52.5
Forecast
52
Actual
51.3

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

Next event - Monday 4 March 2024 14:45

Previous
-
Forecast
-
Actual
-

The typical/expected market impact of this event is low.

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 51.3 against a forecast of 52.

Past events

Date
Forecast
Actual
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
Tuesday 6 July 2021 13:45
64.8
64.6
Wednesday 23 June 2021 13:45
70
64.8
Thursday 3 June 2021 13:45
70.1
70.4
Friday 21 May 2021 13:45
64.5
70.1
Wednesday 5 May 2021 13:45
63.1
64.7
Friday 23 April 2021 13:45
61.5
63.1
Monday 5 April 2021 13:45
-
60.4
Wednesday 24 March 2021 13:45
60
60
Wednesday 3 March 2021 14:45
58.9
59.8

Economic context

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

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

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