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

Macro

2026-02-04
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

Latest data shows the December ISM Non-Manufacturing Index (NMI) recorded 53.8, retreating from the previous value of 54.4, but maintaining its position above the boom-bust line for eight consecutive months, indicating the services sector's expansion trend remains unchanged. Market analysis points out that despite a slight correction in growth speed at year-end, overall demand remains steady; however, attention should be paid to the potential impact of labor costs and tariff policies on business confidence in early 2026.

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AI Data Insight

Latest data shows the December ISM Non-Manufacturing Index (NMI) recorded 53.8, retreating from the previous value of 54.4, but maintaining its position above the boom-bust line for eight consecutive months, indicating the services sector's expansion trend remains unchanged. Market analysis points out that despite a slight correction in growth speed at year-end, overall demand remains steady; however, attention should be paid to the potential impact of labor costs and tariff policies on business confidence in early 2026.

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