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

Macro

2026-07-06

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 latest US ISM Services PMI (Q2 2026) recorded 54.0, dipping slightly from the previous 54.5 but aligning with market consensus and maintaining expansion for the 24th consecutive month. Sub-indices show that although the growth in business activity and new orders slowed, the employment index returned above the boom-or-bust expansion line after consecutive declines, and the prices index hit a four-month low. Looking ahead, short-term support is expected from seasonal demand such as the World Cup, while the medium-to-long term is anticipated to move toward normalized growth and a gradual cooling of inflation.

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AI Data Insight

The latest US ISM Services PMI (Q2 2026) recorded 54.0, dipping slightly from the previous 54.5 but aligning with market consensus and maintaining expansion for the 24th consecutive month. Sub-indices show that although the growth in business activity and new orders slowed, the employment index returned above the boom-or-bust expansion line after consecutive declines, and the prices index hit a four-month low. Looking ahead, short-term support is expected from seasonal demand such as the World Cup, while the medium-to-long term is anticipated to move toward normalized growth and a gradual cooling of inflation.

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