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U.S. ISM Non-Manufacturing Purchasing Managers Index (PMI)

Latest Release

Feb 05, 2025

Actual

52.8

Forecast

54.2

54.0

The Institute of Supply Management (ISM) Non-Manufacturing Purchasing Managers' Index (PMI) (also known as the ISM Services PMI) 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.

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. Given the large proportion of the US economy engaged in the services sector, this report offers insights into the health of the overall US economy.

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: Institute for Supply Managemen...

Release Date	Time	Actual	Forecast	Previous
Feb 05, 2025 (Jan)	16:00	52.8	54.2	54.0
Jan 07, 2025 (Dec)	16:00	54.1	53.5	52.1
Dec 04, 2024 (Nov)	16:00	52.1	55.5	56.0
Nov 05, 2024 (Oct)	16:00	56.0	53.8	54.9
Oct 03, 2024 (Sep)	15:00	54.9	51.7	51.5
Sep 05, 2024 (Aug)	15:00	51.5	51.3	51.4

News

S&P 500 cuts losses despite Alphabet slump as Treasury yields slide By Investing.com - Feb 05, 2025

Investing.com--The S&P 500 rose slightly Wednesday, as falling Treasury yields on soft economic data helped stocks shrug off a slide in Alphabet. At 12:54 p.m. ET (17:54 GMT), the Dow Jones...

Dollar on back foot; euro awaits key inflation release By Investing.com - Jan 07, 2025

Investing.com - The US dollar slipped lower Tuesday, heading towards a one-week low following a report that President-elect Donald Trump's tariffs could be less aggressive, while the euro gains ahead...

Trump denies tariffs report, ISM services data ahead - what's moving markets By Investing.com - Jan 07, 2025

Investing.com - US stock futures dropped slightly on Tuesday following a jump in the S&P 500 and Nasdaq Composite to begin the trading week. US President-elect Donald Trump denies a report that his...

Analysis

Jobs Report Hedging Could Send Implied Volatility Soaring Today By Michael Kramer - Feb 06, 2025

Rates fell sharply yesterday following a weaker-than-expected ISM services report. The quarterly refunding announcement showed no significant shifts in how the Treasury plans to issue debt. With...

USD/CAD: Bearish Reversal Opens Door for Fresh Downside Targets After Tariff Truce By Fawad Razaqzada - Feb 05, 2025

USD/CAD looks ready for more downside after breaking key support—bears might be taking control. With Trump delaying tariffs, CAD bulls could see opportunities in EUR/CAD for a potential...

US Dollar Under Pressure Amid US China Trade Negotiation Uncertainty By Francesco Pesole - Feb 05, 2025

We observe that key China proxies like AUD have erased their risk premium on the back of a consensus view that Beijing will secure a deal with the US and prevent an escalation in trade tensions. We...

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