Breaking News

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

Latest Release

Jul 03, 2025

Actual

50.8

Forecast

50.8

49.9

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
Aug 05, 2025 (Jul)	16:00			50.8
Jul 03, 2025 (Jun)	16:00	50.8	50.8	49.9
Jun 04, 2025 (May)	16:00	49.9	52.0	51.6
May 05, 2025 (Apr)	16:00	51.6	50.2	50.8
Apr 03, 2025 (Mar)	16:00	50.8	53.0	53.5
Mar 05, 2025 (Feb)	17:00	53.5	52.5	52.8

News

U.S. services sector activity grows by more than expected in April By Investing.com - May 05, 2025

Investing.com - Activity in the U.S. services sector grew by more than anticipated in April, in a sign of potential resilience in an industry that is a major driver of the overall economy despite...

Five things to watch in markets in the week ahead By Investing.com - May 05, 2025

Investing.com - Federal Reserve rate-setters are set to reveal their latest monetary policy decision this week, as well as a slew of other central banks around the world. Developments in U.S....

Dollar on track for quarterly loss on tariffs concerns; safe-haven yen rises By Investing.com - Mar 31, 2025

Investing.com - The U.S. dollar steadied Monday, but was on course for quarterly losses given persistent concerns that increased trade tariffs under U.S. President Donald Trump will ignite inflation...

Analysis

Jobs and ISM Beat Add Fuel to Broad Market Rally By Elior Manier - Jul 04, 2025

Consecutive positive data points in US economic releases have once again boosted sentiment, notably taking Equity and Cryptocurrency markets to a renewed frenzy. ISM Services PMI came at 50.8 vs 50.5...

GBP/USD Faces More Pressure as UK Political Risks Cloud Outlook By Elior Manier - Jul 03, 2025

Wednesday's session wasn't as quiet as yesterday – Between a major Miss in ADP which initially sent markets lower (-33K vs 95K expected) and another turmoil in UK Politics sending GBP/USD down close...

Is a 'Shadow' Fed Chair a Good Idea? By Michael Lebowitz - Jun 30, 2025

Donald Trump’s frustration with Chairman Powell increases by the day. Consequently, per The Wall Street Journal, expectations are that Trump will announce Powell’s successor sooner than typical....

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