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

Macro

2026-06-03

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 US Q2 2026 (May) ISM Services PMI rose to 54.5, not only higher than the previous reading of 53.6 but also beating the market consensus of 53.8, marking a remarkable 23 consecutive months of expansion. Among the sub-indices, strong new orders and inventories boosted the overall performance, but the employment index contracted for the third consecutive month, and input prices surged to 71.3, indicating that the services sector still faces sticky inflation challenges amid heated demand.

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AI Data Insight

The US Q2 2026 (May) ISM Services PMI rose to 54.5, not only higher than the previous reading of 53.6 but also beating the market consensus of 53.8, marking a remarkable 23 consecutive months of expansion. Among the sub-indices, strong new orders and inventories boosted the overall performance, but the employment index contracted for the third consecutive month, and input prices surged to 71.3, indicating that the services sector still faces sticky inflation challenges amid heated demand.

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