Breaking News

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
Apr 03, 2025 (Mar)	15:45		54.3	51.0
Mar 24, 2025 (Mar)	15:45	54.3	51.2	51.0

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

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 Economy Is Slowing, but Recession Risk Remains Low By James Picerno - Mar 25, 2025

New data published on Monday reaffirms that the US economy is still growing, and the odds remain low that a recession has started or is imminent. The rapidly changing state of tariffs could change...

Rates May Still Be Heading Much Higher By Michael Kramer - Feb 17, 2025

It will be a slow start to the week, with the markets closed on Monday for Presidents’ Day. Things should pick up for the market by Wednesday. Of course, we’ll have the Fed minutes, and then on...

PMI Data Lifts Some Q4 Nowcasts, but Median Growth Estimate Remains Modest By James Picerno - Dec 17, 2024

Several updated nowcasts for US economic activity in the fourth quarter have been revised sharply higher recently, but the median estimate barely changed, based on the several data points from a...

S&P Global Services PMI Discussion

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