Breaking News

U.S. Services Purchasing Managers Index (PMI)

Latest Release

May 23, 2023

Actual

55.1

Forecast

52.6

53.6

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: Markit

Release Date	Time	Actual	Forecast	Previous
Jun 05, 2023 (May)	15:45			55.1
May 23, 2023 (May)	15:45	55.1	52.6	53.6
May 03, 2023 (Apr)	15:45	53.6	53.7	52.6
Apr 21, 2023 (Apr)	15:45	53.7	51.5	52.6
Apr 05, 2023 (Mar)	15:45	52.6	53.8	50.6
Mar 24, 2023 (Mar)	15:45	53.8	50.5	50.6

News

Stock market today: Dow closes lower as debt-ceiling standoff, slip in tech bite By Investing.com - May 23, 2023

Investing.com -- The Dow closed Tuesday lower on growing jitters about a U.S. default after lawmakers ended another round of debt-ceiling talks without a deal. The S&P 500 was down 1.1%, the Dow...

S&P 500 slips as debt ceiling impasse weighs By Investing.com - May 23, 2023

By Yasin Ebrahim Investing.com -- The S&P 500 slipped Tuesday on growing jitters about a U.S. default after lawmakers ended another round of debt-ceiling talks without a deal. The S&P 500 was...

U.S. business activity in May hits 13-month high - S&P Global By Investing.com - May 23, 2023

Investing.com -- Growth in U.S. business activity touched a 13-month high in May as a jump in services activity helped offset weakness in the manufacturing sector, according to new data on...

Analysis

'Earnings Recession' to Dominate Headlines as Q1 Reporting Season Kicks Off By Jesse Cohen/Investing.com - Apr 14, 2023

Q1 earnings season unofficially kicks off on Friday The S&P 500 is projected to suffer its first earnings recession since 2020 Analysts expect a -6.8% yearly profit decline and sales growth of...

GBP/USD Set For Countertrend Bounce By Fawad Razaqzada - Aug 24, 2022 1

US Dollar could weaken on profit taking in light of poor data All eyes and ears on Jackson Hole and Powell speech on Friday Bullish engulfing at prior lows points to at least a short term low for...

Commodities Week Ahead: Recession Fears Could Choke Oil, Keep Gold Steady By Barani Krishnan/Investing.com - Jun 20, 2022

US recession rumblings and chart-based selling could keep oil under pressure till it breaks below $100-a barrel this week; then a wave of buying could see crude prices claw back most of what they had...

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