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

Macro

2026-03-04
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 US February ISM Non-Manufacturing Index (NMI) rebounded strongly to 56.1, significantly outperforming the previous value of 53.8 and market expectations of 53.5, marking the strongest performance since August 2022. Among the components, the "New Orders" and "Business Activity" indexes soared simultaneously, indicating hot domestic demand in the service sector. However, although the "Prices Index" fell slightly, it remains at a historically high level of 63.0, suggesting that inflation stickiness will continue to interfere with the Federal Reserve's interest rate cut path.

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AI Data Insight

The US February ISM Non-Manufacturing Index (NMI) rebounded strongly to 56.1, significantly outperforming the previous value of 53.8 and market expectations of 53.5, marking the strongest performance since August 2022. Among the components, the "New Orders" and "Business Activity" indexes soared simultaneously, indicating hot domestic demand in the service sector. However, although the "Prices Index" fell slightly, it remains at a historically high level of 63.0, suggesting that inflation stickiness will continue to interfere with the Federal Reserve's interest rate cut path.

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