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U.S. ISM Non-Manufacturing Purchasing Managers Index (PMI)
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Latest Release
May 04, 2022
Actual57.1
Forecast58.5
Previous58.3
The Institute of Supply Management (ISM) Non-Manufacturing Purchasing Managers' Index (PMI) (also known as the ISM Services PMI) report on Business, a composite index is calculated as an indicator of the overall economic condition for the non-manufacturing sector. The NMI is a composite index based on the diffusion indexes for four of the indicators with equal weights: Business Activity (seasonally adjusted), New Orders (seasonally adjusted), Employment (seasonally adjusted) and Supplier Deliveries.
A reading above 50 percent indicates the non-manufacturing sector economy is generally expanding; below 50 percent indicates the non-manufacturing sector is generally contracting. The Non-Manufacturing ISM Report on Business is based on data compiled from monthly replies to questions asked of more than 370 purchasing and supply executives in over 62 different industries representing nine divisions from the Standard Industrial Classification (SIC) categories. Membership of the Business Survey Committee is diversified by SIC category and is based on each industry contribution to Gross Domestic Product (GDP).
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
A reading above 50 percent indicates the non-manufacturing sector economy is generally expanding; below 50 percent indicates the non-manufacturing sector is generally contracting. The Non-Manufacturing ISM Report on Business is based on data compiled from monthly replies to questions asked of more than 370 purchasing and supply executives in over 62 different industries representing nine divisions from the Standard Industrial Classification (SIC) categories. Membership of the Business Survey Committee is diversified by SIC category and is based on each industry contribution to Gross Domestic Product (GDP).
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
| Release Date | Time | Actual | Forecast | Previous | |
|---|---|---|---|---|---|
| Jun 03, 2022 (May) | 10:00 | 56.4 | 57.1 | ||
| May 04, 2022 (Apr) | 10:00 | 57.1 | 58.5 | 58.3 | |
| Apr 05, 2022 (Mar) | 10:00 | 58.3 | 58.4 | 56.5 | |
| Mar 03, 2022 (Feb) | 11:00 | 56.5 | 61.0 | 59.9 | |
| Feb 03, 2022 (Jan) | 11:00 | 59.9 | 59.5 | 62.3 | |
| Jan 06, 2022 (Dec) | 11:00 | 62.0 | 66.9 | 69.1 |
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ISM Non-Manufacturing PMI Discussion
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