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

Macro

2026-08-05

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 latest data shows that the US Q3 2026 ISM Services PMI edged up to 54.1, outperforming the previous value of 54.0, but slightly below the market expectation of 54.5. Although the World Cup tournament drove strong growth in business activity and new orders, the employment index plunged into contraction territory, while the prices index climbed, indicating that inflation pressures persist amidst resilient demand.

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AI Data Insight

The latest data shows that the US Q3 2026 ISM Services PMI edged up to 54.1, outperforming the previous value of 54.0, but slightly below the market expectation of 54.5. Although the World Cup tournament drove strong growth in business activity and new orders, the employment index plunged into contraction territory, while the prices index climbed, indicating that inflation pressures persist amidst resilient demand.

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