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

Macro

2026-10-05

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 Q3 Services PMI recorded 54.9, lower than the previous reading of 55.4 and market expectations, indicating a slowdown in expansion momentum. Although employment returned to the expansion zone, business activity cooled significantly, and the inflation price index hit a new high in over two years, adding variables to future monetary policy.

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AI Data Insight

The newly released US Q3 Services PMI recorded 54.9, lower than the previous reading of 55.4 and market expectations, indicating a slowdown in expansion momentum. Although employment returned to the expansion zone, business activity cooled significantly, and the inflation price index hit a new high in over two years, adding variables to future monetary policy.

Dive in →

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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