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

  • U.S. ISM Non-Manufacturing Purchasing Managers Index (PMI) results in real time as they're announced. Read related news and analysis, get historical data, and see the immediate global market impact.
USD
Actual
55.1
Forecast
54.5
Previous
55.2
Latest Release
Mar 03, 2023
Importance
Source
Institute for Supply Management
Overview
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.
Historical Data
Release Date
Time
Actual
Forecast
Previous
Apr 05, 2023 (Mar) 19:30 - 54.6
55.1
Mar 03, 2023 (Feb) 20:30 55.1 54.5
55.2
Feb 03, 2023 (Jan) 20:30 55.2 50.4
49.2
Jan 06, 2023 (Dec) 20:30 49.6 55.0
56.5
Dec 05, 2022 (Nov) 20:30 56.5 53.3
54.4

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