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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
Feb 03, 2023
Actual
55.2
Forecast
50.4
Previous
49.2
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
Feb 03, 2023 (Jan) 15:00 55.2 50.4 49.2
Jan 06, 2023 (Dec) 15:00 49.6 55.0 56.5
Dec 05, 2022 (Nov) 15:00 56.5 53.3 54.4
Nov 03, 2022 (Oct) 14:00 54.4 55.5 56.7
Oct 05, 2022 (Sep) 14:00 56.7 56.0 56.9
Sep 06, 2022 (Aug) 14:00 56.9 55.1 56.7

News

EUR/USD weekly price forecast: analysts see more downside
EUR/USD weekly price forecast: analysts see more downside By Investing.com - Feb 06, 2023

By Senad Karaahmetovic EUR/USD is trading modestly lower on Monday after staging a key reversal day candle on Friday following a much stronger-than-expected jobs report in the U.S. Not only could the...

ISM non-manufacturing PMI jumps in January
ISM non-manufacturing PMI jumps in January By Investing.com - Feb 03, 2023

By Geoffrey Smith  Investing.com -- A key gauge of service-sector activity in the U.S. rose strongly in January, adding to evidence earlier Friday that the economy still has plenty of momentum. The...

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ISM Non-Manufacturing PMI Discussion

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