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U.S. Services Purchasing Managers Index (PMI)

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U.S. Services Purchasing Managers Index (PMI)

Frequency

Delivery Method

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Status

 
Latest Release
Jul 05, 2018
Actual
56.5
Forecast
56.5
Previous
56.5
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 Purchasing Managers Index (PMI)
 
Release Date Time Actual Forecast Previous
Aug 03, 2018 (Jul) 09:45      
Jul 24, 2018 (Jul) 09:45     56.5 56.5
Jul 05, 2018 (Jun) 09:45 56.5 56.5 56.5
Jun 22, 2018 (Jun) 09:45   56.5 56.4 56.8
Jun 05, 2018 (May) 09:45 56.8 55.7 55.7
May 23, 2018 (May) 09:45   55.7 54.9 54.6

News

Stocks-  U.S. Futures Increase Ahead of Data, Fed Minutes
Stocks- U.S. Futures Increase Ahead of Data, Fed Minutes By Investing.com - Jul 05, 2018

Investing.com – U.S. futures pointed to a higher opening bell on Thursday, as investors looked ahead to a flurry of economic data and meeting minutes from the Federal Reserve. The S&P 500...

Forex - Euro Rebound Looks Set to Spoil Dollar's Week
Forex - Euro Rebound Looks Set to Spoil Dollar's Week By Investing.com - Jun 22, 2018

Investing.com – The U.S. dollar was on track to post a weekly loss against its rivals as mixed U.S. economic data weighed on sentiment and ongoing euro strength curbed upside momentum. The U.S....

U.S. Business Activity Slows in June – Markit
U.S. Business Activity Slows in June – Markit By Investing.com - Jun 22, 2018

Investing.com - U.S. private sector activity slowed in June, according to survey data released on Friday. The preliminary reading of the Markit services purchasing managers’ index came in at...

Analysis

Kathy Lien
Are Currencies At The Cusp Of A Turn?   By Kathy Lien - Jul 09, 2018 1

The US dollar traded lower against all of the major currencies in the first few days of the third quarter. While it may be tempting to call this a peak, it is too early for all the bulls to retreat....

Services PMI Discussion

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