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U.S. Services Purchasing Managers Index (PMI)

Latest Release

Mar 24, 2025

Actual

54.3

Forecast

51.2

51.0

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: S&P Global

Release Date	Time	Actual	Forecast	Previous
Mar 24, 2025 (Mar)	09:45	54.3	51.2	51.0
Mar 05, 2025 (Feb)	10:45	51.0	49.7	52.9

News

U.S. services activity shows meager growth in February By Investing.com - Mar 05, 2025

Investing.com - U.S. services sector activity grew in February, beating expectations for a slight slowdown, but activity was still weaker than the prior month suggesting American households and...

Bitcoin price today: slides below $95k as Bybit $1.5 bln hack spooks investors By Investing.com - Feb 24, 2025 11

Investing.com-- Bitcoin was trading lower on Monday following a 1% drop last week, as investors stayed cautious surrounding the U.S. interest rate outlook after weak economic data. The downturn was...

Gold prices hover near fresh records as economic uncertainty grows By Investing.com - Feb 24, 2025

Investing.com-- Gold prices climbed, hovering near fresh record peaks seen earlier on Monday as safe haven demand was boosted by increasing uncertainty over a U.S. economic slowdown and trade...

Analysis

US Dollar Strengthens Despite Fed Caution as Traders Price in Aggressive Cuts By Trading Point - 2 hours ago

Trump Softens Tariff Stance The US Dollar continued to gain against all its major counterparts on Friday, closing its first week of gains this month, mainly driven by the Fed decision, where...

Week Ahead – Flash PMIs, Us and UK Inflation Eyed as Tariff War Rumbles On By Trading Point - Mar 21, 2025

Dollar Ignores Powell’s Dovish Soundbites The US dollar has been on a positive footing since the March FOMC meeting, as Fed Chair Jerome Powell downplayed the risk of a recession while maintaining...

Week Ahead – NFP and ECB to Steal the Show By Trading Point - Feb 28, 2025

NFP take center stage amid DOGE layoffs ECB decides monetary policy after CPI data Canada jobs report and RBA minutes also on tap Will DOGE layoffs weigh on NFP? The US dollar traded on the back...

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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