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U.S. ISM Non-Manufacturing Employment
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Latest Release
Nov 05, 2024
Actual53.0
Forecast48.0
Previous48.1
The Institute of Supply Management (ISM) Non-Manufacturing Purchasing Managers' Index (PMI) (also known as the ISM Services PMI) report on Business, a composite index is calculated as an indicator of the overall economic condition for the non-manufacturing sector. The NMI is a composite index based on the diffusion indexes for four of the indicators with equal weights: Business Activity (seasonally adjusted), New Orders (seasonally adjusted), Employment (seasonally adjusted) and Supplier Deliveries.
A reading above 50 percent indicates the non-manufacturing sector economy is generally expanding; below 50 percent indicates the non-manufacturing sector is generally contracting. The Non-Manufacturing ISM Report on Business is based on data compiled from monthly replies to questions asked of more than 370 purchasing and supply executives in over 62 different industries representing nine divisions from the Standard Industrial Classification (SIC) categories. Membership of the Business Survey Committee is diversified by SIC category and is based on each industry contribution to Gross Domestic Product (GDP).
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
A reading above 50 percent indicates the non-manufacturing sector economy is generally expanding; below 50 percent indicates the non-manufacturing sector is generally contracting. The Non-Manufacturing ISM Report on Business is based on data compiled from monthly replies to questions asked of more than 370 purchasing and supply executives in over 62 different industries representing nine divisions from the Standard Industrial Classification (SIC) categories. Membership of the Business Survey Committee is diversified by SIC category and is based on each industry contribution to Gross Domestic Product (GDP).
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
| Release Date | Time | Actual | Forecast | Previous | |
|---|---|---|---|---|---|
| Dec 04, 2024 (Nov) | 10:00 | 53.0 | |||
| Nov 05, 2024 (Oct) | 10:00 | 53.0 | 48.0 | 48.1 | |
| Oct 03, 2024 (Sep) | 09:00 | 48.1 | 50.0 | 50.2 | |
| Sep 05, 2024 (Aug) | 09:00 | 50.2 | 50.5 | 51.1 | |
| Aug 05, 2024 (Jul) | 09:00 | 51.1 | 46.4 | 46.1 | |
| Jul 03, 2024 (Jun) | 09:00 | 46.1 | 49.0 | 47.1 |
News
US services activity gained in September, but employment slowed, PMI shows
By Investing.com - Oct 03, 2024
1
Investing.com - The U.S. services sector accelerated in September, but employment slowed significantly, consistent with an easing labor market. The Institute for Supply Management said on Thursday...
ISM non-manufacturing PMI still robust in February, despite weaker pricing trends
By Investing.com - Mar 03, 2023
1
By Geoffrey Smith Investing.com -- A key gauge of U.S. economic activity showed business was still robust in February, but suggested that companies are fast losing their pricing power as inflation...
ISM non-manufacturing PMI jumps in January
By Investing.com - Feb 03, 2023
By Geoffrey Smith Investing.com -- A key gauge of service-sector activity in the U.S. rose strongly in January, adding to evidence earlier Friday that the economy still has plenty of momentum. The...
Analysis
Recession Now or Stagflation Forever? Place Your Bets
By Michael Pento - Sep 13, 2024
4
The labor market is clearly weakening. But in reality, this is what needs to happen. Short-term pain is needed to reconcile the great imbalances created by decades of free money. The alternative is...
Asia Session: Hawkish Brainard Pressures Markets, Stocks Slump; Dollar Higher
By Jeffrey Halley - Apr 06, 2022
1
The US session was dominated by comments from Fed Governor Lael Brainard, who set the cat amongst the pigeons of the equity and bond markets with some very hawkish comments. Ms Brainard suggested that...
U.S. Dollar Rallies Ahead Of NFP – Will Jobs Report Beat?
By Kathy Lien - Aug 05, 2021
14
The rally in stocks, the rise in Treasury yields and the demand for U.S. dollars tell us that investors anticipate a strong non-farm payrolls report on Friday. The consensus forecast is 870,000...
ISM Non-Manufacturing Employment Discussion
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