Breaking News

U.S. Services Purchasing Managers Index (PMI)

Latest Release

Dec 05, 2023

Actual

50.8

Forecast

50.8

50.6

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

Release Date	Time	Actual	Forecast	Previous
Dec 15, 2023 (Dec)	09:45			50.8
Dec 05, 2023 (Nov)	09:45	50.8	50.8	50.6
Nov 24, 2023 (Nov)	09:45	50.8	50.4	50.6
Nov 03, 2023 (Oct)	08:45	50.6	50.9	50.1
Oct 24, 2023 (Oct)	08:45	50.9	49.8	50.1
Oct 04, 2023 (Sep)	08:45	50.1	50.2	50.5

News

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Investing.com -- U.S. stocks traded in a mixed fashion Friday in thin trading, at the start of a shortened trading day. By 09:30 ET (14:30 GMT), the Dow Jones Industrial Average rose 75 points, or...

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Investing.com -- Stocks sank on Tuesday as soaring yields on Treasuries spooked investors. Jobs data is the focus this week, and on Tuesday the reading on job openings as of the end of August was 9.6...

Analysis

US Dollar Sinks in November: Can Greenback Find Support Before 2023 Ends? By Günay Caymaz - Dec 04, 2023 2

November brought a correction to the Dollar Index, and eventually, it found stability around the 103 level. EUR/USD on the other hand is awaiting signals from Lagarde's speech to determine next...

Bitcoin Bulls Look to Hold Key Support Ahead of NFPs: How to Trade the Report By Günay Caymaz - Nov 03, 2023 2

Bitcoin recently faced significant resistance after the Federal Reserve's interest rate decision but saw short-term gains due to increased risk appetite. The cryptocurrency is currently within a...

How High Can Bond Yields Go Before Crashing the Nasdaq 100? By Damian Nowiszewski - Aug 25, 2023 14

US 10-year bonds have reached the highest levels since 2007 PMIs for the US economy continue to show a negative trend Meanwhile, a bearish session for the Nasdaq 100 indicates a high risk of further...

S&P Global Services PMI Discussion

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All Comments (3)

Ganesh Desai Oct 24, 2023 10:19AM ET

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I was expecting an upward trend. But even after there is 50.9(more than expected) the trend didn't change. Infact it continued at lower end. Can someone knowledgeable person explain me why this happened?

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Shady Jojo Oct 24, 2023 9:56AM ET

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GBPUSD WENT DOWN 24/10/2023

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jerry walters Dec 05, 2022 10:19AM ET

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As the PMI decelerates cracks will begin to form in payrolls. Challenger, Gray Christmas job openings fell off the edge of the table last week. When employment starts to wither, it will get the attention of the FED who will begin to talk a little more dovish. Pain first then balm.

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