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U.S. Services Purchasing Managers Index (PMI)

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U.S. Services Purchasing Managers Index (PMI)

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Status

 
Latest Release
Jan 24, 2023
Actual
46.6
Forecast
45.0
Previous
44.7
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
Feb 03, 2023 (Jan) 09:45   46.6 46.6
Jan 24, 2023 (Jan) 09:45   46.6 45.0 44.7
Jan 05, 2023 (Dec) 09:45 44.7 44.4 46.2
Dec 16, 2022 (Dec) 09:45   44.4 46.8 46.2
Dec 05, 2022 (Nov) 09:45 46.2 46.1 47.8
Nov 23, 2022 (Nov) 09:45   46.1 47.9 47.8

News

Dow futures remain flat, earnings in focus
Dow futures remain flat, earnings in focus By Investing.com - Jan 23, 2023

By Oliver Gray  Investing.com - U.S. stock futures were little changed during Monday’s evening trade after major indices finished the regular session higher as investors digested a fresh batch of...

Analysis

Kenny Fisher
USD/JPY Dips as Tokyo Core CPI Rises By Kenny Fisher - Jan 27, 2023

The Japanese yen is in positive territory on Friday. In the European session, USD/JPY is trading at 129.76, down 0.33%.Tokyo CPI hits 4.3%Inflation indicators in Japan continue to head northwards....

Kenny Fisher
AUD/USD Rises as Inflation Jumps By Kenny Fisher - Jan 26, 2023

The Australian dollar has extended its rally with solid gains on Wednesday. In the North American session, AUD/USD is trading at 0.7080, up 0.51%.Australian Inflation Jumps to 8.4%RBA policymakers are...

Kenny Fisher
New Zealand Dollar Edges Up Ahead of CPI By Kenny Fisher - Jan 25, 2023

The New Zealand dollar has edged higher on Tuesday and is trading just above the 0.65 line. NZD//USD is coming off an intense week, as it gained 1.39% and climbed to 7-month highs.Markets eye New...

Services PMI Discussion

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All Comments (1)
jerry walters
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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