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

Macro

2026-09-03

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 observations for Q3 2026 show that the US ISM Services PMI rebounded to 55.4 from the previous 54.1, outperforming the market expectation of 54.3. Although both the business activity and new orders indexes hit new phase highs, the employment index contracted for the second consecutive month and the prices index surged, highlighting that the services sector still faces cost pressures and labor shortage challenges amidst a strong recovery.

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AI Data Insight

The latest observations for Q3 2026 show that the US ISM Services PMI rebounded to 55.4 from the previous 54.1, outperforming the market expectation of 54.3. Although both the business activity and new orders indexes hit new phase highs, the employment index contracted for the second consecutive month and the prices index surged, highlighting that the services sector still faces cost pressures and labor shortage challenges amidst a strong recovery.

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