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U.S. Services PMI

 
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U.S. Services PMI

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Latest Release
Jul 26, 2016
Actual
50.9
Forecast
52.0
Previous
51.4
The Service PMI release is published monthly by Markit Economics. The data are based on surveys of over 400 executives in private sector service companies. The surveys cover transport and communication, financial intermediaries, business and personal services, computing & IT, hotels and restaurants. 
An index level of 50 denotes no change since the previous month, while a level above 50 signals an improvement, and below 50 indicates a deterioration. A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.
Importance:
Country:
Currency: USD
Source: Markit
U.S. Services PMI
 
Release Date Time Actual Forecast Previous
Aug 03, 2016 (Jul) 09:45     50.9
Jul 26, 2016 (Jul) 09:45   50.9 52.0 51.4
Jul 06, 2016 (Jun) 09:45 51.4 51.5 51.3
Jun 27, 2016 (Jun) 09:45   51.3 52.0 51.3
Jun 03, 2016 (May) 09:45 51.3 51.2 51.2
May 25, 2016 (May) 09:45   51.2 53.1 52.8

News

Analysis

Littlefish FX
USD/JPY Whipsaws On BOJ By Littlefish FX - Jul 27, 2016

London Forex Report: The Fed is expected to leave interest rate unchanged in the two day FOMC meeting. With the Fed’s current preferred gauge of inflation at 1.6%, strong job gains in June and ...

Kristina Leonova
GBP/USD Trading In Narrow Range By Kristina Leonova - Jul 27, 2016

Since the beginning of the week, the pair is trading in a narrow range, which is just over 100 points wide, amid absence of important macroeconomic news in the calendar. Today extra attention needs ...

Doug Short
Markit Services PMI Remains Muted In July By Doug Short - Jul 27, 2016

The July preliminary US Services Purchasing Managers' Index conducted by Markit came in at 50.9, down from 51.3 in June and below the Investing.com consensus of 52.0. Markit's Services PMI is a ...

Services PMI Discussion

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