Breaking News

U.S. Services Purchasing Managers Index (PMI)

Latest Release

Nov 05, 2024

Actual

55.0

Forecast

55.3

55.2

The Service PMI release is published monthly by Markit Economics. The data are based on surveys of over 400 executives in private sector service companies. The surveys cover transport and communication, financial intermediaries, business and personal services, computing & IT, hotels and restaurants.
An index level of 50 denotes no change since the previous month, while a level above 50 signals an improvement, and below 50 indicates a deterioration. A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.

Importance:

Country:

Currency: USD

Source: Markit

Release Date	Time	Actual	Forecast	Previous
Nov 22, 2024 (Nov)	09:45			55.0
Nov 05, 2024 (Oct)	09:45	55.0	55.3	55.2
Oct 24, 2024 (Oct)	08:45	55.3	55.0	55.2
Oct 03, 2024 (Sep)	08:45	55.2	55.4	55.7
Sep 23, 2024 (Sep)	08:45	55.4	55.3	55.7
Sep 05, 2024 (Aug)	08:45	55.7	55.2	55.0

News

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Analysis

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S&P Global Services PMI Discussion

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All Comments (4)

yussuf joe Dec 14, 2023 8:15PM ET

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is that mean xau/usd bearish?

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Ganesh Desai Oct 24, 2023 10:19AM ET

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I was expecting an upward trend. But even after there is 50.9(more than expected) the trend didn't change. Infact it continued at lower end. Can someone knowledgeable person explain me why this happened?

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Shady Jojo Oct 24, 2023 9:56AM ET

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GBPUSD WENT DOWN 24/10/2023

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jerry walters Dec 05, 2022 10:19AM ET

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As the PMI decelerates cracks will begin to form in payrolls. Challenger, Gray Christmas job openings fell off the edge of the table last week. When employment starts to wither, it will get the attention of the FED who will begin to talk a little more dovish. Pain first then balm.

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