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

Latest Release

Jan 07, 2025

Actual

54.1

Forecast

53.5

52.1

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			54.1
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

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...

US stocks mostly close higher ahead of jobs data; Fed's Barr to resign early By Investing.com - Jan 06, 2025

Investing.com--US stock indexes closed mostly higher Monday, starting the new week on a positive tone ahead of the release crucial jobs data later this week. At 16:00 ET (21:00 GMT), the S&P 500 index...

Analysis

EUR/USD: Bearish Pressure Deepens as Tariff Concerns Resurface By Fawad Razaqzada - Jan 08, 2025

The EUR/USD remains under pressure, grappling with a mix of weak Eurozone economic data, China’s economic slowdown, and persistent US Dollar strength. Mid-day trading in London saw the currency pair...

Global Markets Likely to Feel Trump’s Tariff Fear By Satendra Singh - Jan 08, 2025

Incoming US President Donald Trump has pledged tariffs of as much as 10% on global imports and 60% on Chinese goods, plus a 25% import surge on Canadian and Mexican Products would upend trade flows,...

Inflation Swaps Break Higher, Signaling More Pain for Stocks if Key Data Surprises By Michael Kramer - Jan 08, 2025

There’s a lot to discuss, with markets moving quite violently in all directions—it’s hard to know where to begin—the economic data triggered much of yesterday’s movement. The JOLTS report came in...

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