United States: ISM Non-Manufacturing PMI - Final (SA)

Macro

2026-04-06
Description

The U.S. ISM Non-Manufacturing Purchasing Managers' Index (NMI) is compiled and published by the Institute for Supply Management (ISM). This index is derived from monthly surveys of over 400 purchasing managers in non-manufacturing industries. An NMI reading above 50 indicates expansion in the non-manufacturing sector, while a reading below 50 indicates contraction. It is a key indicator of the health of the US services sector and other non-manufacturing industries.

The NMI is calculated from four equally weighted components: Business Activity, New Orders, Employment, and Supplier Deliveries.

This data is released at 10:00 AM (EST) on the third business day of each month, providing insights into the previous month's non-manufacturing activities.

Published by
Institute for Supply Management (Choice)
Frequency
Monthly
Next Update
Hashtags
Service PMI United States

AI Data Insight

The newly released US Q1 2026 (2026-03-01) ISM Services PMI came in at 54.0, significantly declining from the previous reading of 56.1 and missing the market expectation of 54.8. Although new orders exhibited strong momentum, the employment index unexpectedly fell below the 50-point threshold, and the price index surged to a more than three-year high driven by geopolitical factors and oil prices. The coexistence of resurging inflation and weakening employment is expected to present a more severe challenge to the Federal Reserve's monetary policy.

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AI Data Insight

The newly released US Q1 2026 (2026-03-01) ISM Services PMI came in at 54.0, significantly declining from the previous reading of 56.1 and missing the market expectation of 54.8. Although new orders exhibited strong momentum, the employment index unexpectedly fell below the 50-point threshold, and the price index surged to a more than three-year high driven by geopolitical factors and oil prices. The coexistence of resurging inflation and weakening employment is expected to present a more severe challenge to the Federal Reserve's monetary policy.

Dive in →

You May Also Like

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Description

The U.S. ISM Non-Manufacturing Purchasing Managers' Index (NMI) is compiled and published by the Institute for Supply Management (ISM). This index is derived from monthly surveys of over 400 purchasing managers in non-manufacturing industries. An NMI reading above 50 indicates expansion in the non-manufacturing sector, while a reading below 50 indicates contraction. It is a key indicator of the health of the US services sector and other non-manufacturing industries.

The NMI is calculated from four equally weighted components: Business Activity, New Orders, Employment, and Supplier Deliveries.

This data is released at 10:00 AM (EST) on the third business day of each month, providing insights into the previous month's non-manufacturing activities.

Published by
Institute for Supply Management (Choice)
Frequency
Monthly
Next Update
Hashtags
Service PMI United States