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U.S. ISM Non-Manufacturing Purchasing Managers Index (PMI)
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Latest Release
Dec 04, 2024
Actual52.1
Forecast55.5
Previous56.0
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 | 52.1 | 55.5 | 56.0 | |
| Nov 05, 2024 (Oct) | 10:00 | 56.0 | 53.8 | 54.9 | |
| Oct 03, 2024 (Sep) | 09:00 | 54.9 | 51.7 | 51.5 | |
| Sep 05, 2024 (Aug) | 09:00 | 51.5 | 51.3 | 51.4 | |
| Aug 05, 2024 (Jul) | 09:00 | 51.4 | 51.4 | 48.8 | |
| Jul 03, 2024 (Jun) | 09:00 | 48.8 | 52.6 | 53.8 |
News
Dollar shows strength; euro retreats ahead of French no-confidence vote
By Investing.com - Dec 04, 2024
Investing.com - The US dollar rose Wednesday, while the euro retreated ahead of a vote of no-confidence in France later in the day that is likely to topple the fragile coalition government. At 04:45...
US services activity gained in September, but employment slowed, PMI shows
By Investing.com - Oct 03, 2024
2
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...
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Services PMI Misses Expectations as Inflation Stays Stubbornly High
By Michael Gouvalaris - Dec 05, 2024
ISM Services PMI came in well below expectations, coming in at 52.1 (street was expecting 55.7), and 3.9 points below October. Although any reading above 50 means expansion, so the services sector...
ISM Non-Manufacturing PMI Discussion
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