Breaking News

U.S. Services Purchasing Managers Index (PMI)

Latest Release

May 05, 2025

Actual

50.8

Forecast

51.4

54.4

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
May 05, 2025 (Apr)	15:45	50.8	51.4	54.4
Apr 23, 2025 (Apr)	15:45	51.4	52.8	54.4

News

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Analysis

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Financial markets are always pricing in uncertainty and risk, but the task has become dramatically more challenging in recent weeks after the US upended its longstanding trade policy. A repeat...

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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...

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