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

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

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Status

 
Latest Release
Nov 05, 2024
Actual
56.0
Forecast
53.8
Previous
54.9
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...
U.S. ISM Non-Manufacturing Purchasing Managers Index (PMI)
 
Release Date Time Actual Forecast Previous
Nov 05, 2024 (Oct) 15:00 56.0 53.8 54.9
Oct 03, 2024 (Sep) 14:00 54.9 51.7 51.5
Sep 05, 2024 (Aug) 14:00 51.5 51.3 51.4
Aug 05, 2024 (Jul) 14:00 51.4 51.4 48.8
Jul 03, 2024 (Jun) 14:00 48.8 52.6 53.8
Jun 05, 2024 (May) 14:00 53.8 51.0 49.4

News

Pound US Dollar Exchange Rate Hits 1-Month Low
Pound US Dollar Exchange Rate Hits 1-Month Low By ExchangeRates.org.uk - Aug 07, 2024

ExchangeRates.org.uk - At the time of writing, GBP/USD is trading at $1.2705, having tumbled by more than 0.4% in the past 24 hours. The Pound was pressured yesterday, as a risk-off mood and BoE...

Analysis

ISM Non-Manufacturing PMI Discussion

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