The Services Purchasing Managers' Index (PMI) is a survey-based indicator that tracks business conditions in the service sector. A reading above 50 indicates expansion in the sector, while a reading below 50 signals contraction. Since the service sector often accounts for the largest portion of modern economies, this index is a vital leading indicator of overall economic health. It provides insights into employment, new orders, and price pressures before official government data is released.
Based on monthly surveys of purchasing managers at hundreds of private sector service companies. Respondents report on whether key business indicators have improved, deteriorated, or stayed the same compared to the previous month.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Sep 23, 2026 | — | 49.10 | — |
| Aug 21, 2026 | 48.40 | 49.80 | -1.40 |
| Aug 5, 2026 | 49.60 | 49.80 | -0.20 |
| Jul 24, 2026 | 49.80 | 47.50 | +2.30 |
| Jul 3, 2026 | 46.80 | 47.40 | -0.60 |
| Jun 23, 2026 | 47.40 | 45.50 | +1.90 |
| Jun 3, 2026 | 44.30 | 42.90 | +1.40 |
| May 21, 2026 | 42.90 | 46.60 | -3.70 |
| May 6, 2026 | 46.50 | 46.50 | 0.00 |
| Apr 23, 2026 | 46.50 | 48.40 | -1.90 |
| Mar 24, 2026 | 48.30 | 49.00 | -0.70 |
| Mar 4, 2026 | 49.60 | 49.60 | 0.00 |
| Feb 20, 2026 | 49.60 | 49.10 | +0.50 |
| Feb 4, 2026 | 48.40 | 47.90 | +0.50 |
| Jan 23, 2026 | 47.90 | 50.30 | -2.40 |
| Jan 6, 2026 | 50.10 | 50.20 | -0.10 |
| Dec 16, 2025 | 50.20 | 51.10 | -0.90 |
| Dec 3, 2025 | 51.40 | 50.80 | +0.60 |
| Nov 5, 2025 | 48.00 | 47.10 | +0.90 |
| Oct 24, 2025 | 47.10 | 48.70 | -1.60 |
| Oct 3, 2025 | 48.50 | 48.90 | -0.40 |
| Sep 23, 2025 | 48.90 | 49.70 | -0.80 |
| Sep 3, 2025 | 49.80 | 49.70 | +0.10 |
| Aug 21, 2025 | 49.70 | 48.50 | +1.20 |
| Aug 5, 2025 | 48.50 | 49.70 | -1.20 |
| Jul 24, 2025 | 49.70 | 49.70 | 0.00 |
| Jul 3, 2025 | 49.60 | 48.70 | +0.90 |
| Jun 23, 2025 | 48.70 | 49.20 | -0.50 |
| Jun 4, 2025 | 48.90 | 47.40 | +1.50 |
| May 6, 2025 | 47.30 | 46.80 | +0.50 |
| Apr 23, 2025 | 46.80 | 47.70 | -0.90 |
| Apr 3, 2025 | 47.90 | 46.60 | +1.30 |
| Mar 24, 2025 | 46.60 | 46.30 | +0.30 |
| Mar 5, 2025 | 45.30 | 44.50 | +0.80 |
| Feb 21, 2025 | 44.50 | 48.80 | -4.30 |
| Feb 5, 2025 | 48.20 | 48.90 | -0.70 |
| Jan 6, 2025 | 49.30 | 48.20 | +1.10 |
| Dec 16, 2024 | 48.20 | 46.90 | +1.30 |
| Dec 4, 2024 | 46.90 | 45.70 | +1.20 |
| Nov 22, 2024 | 45.70 | 49.00 | -3.30 |
| Nov 6, 2024 | 49.20 | 48.30 | +0.90 |
| Mar 5, 2024 | 48.40 | 48.00 | +0.40 |
| Feb 22, 2024 | 48.00 | 45.70 | +2.30 |
| Feb 5, 2024 | 45.40 | 45.00 | +0.40 |
