The ISM Non-Manufacturing PMI, also called the ISM Services PMI, is a survey-based indicator of the economic health of the US services sector. A reading above 50 indicates expansion in the sector, while a reading below 50 indicates contraction. The index covers a wide range of industries including healthcare, finance, and retail. It is considered a key barometer for the overall US economy since services represent the majority of GDP.
The index is based on a survey of over 400 purchasing and supply executives. It is a composite index calculated from four equally weighted components: Business Activity, New Orders, Employment, and Supplier Deliveries.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Sep 3, 2026 | — | 54.20 | — |
| Aug 5, 2026 | 54.10 | 54.50 | -0.40 |
| Jul 6, 2026 | 54.00 | 54.20 | -0.20 |
| Jun 3, 2026 | 54.50 | 53.70 | +0.80 |
| May 5, 2026 | 53.60 | 53.70 | -0.10 |
| Apr 6, 2026 | 54.00 | 54.80 | -0.80 |
| Mar 4, 2026 | 56.10 | 53.50 | +2.60 |
| Feb 4, 2026 | 53.80 | 53.50 | +0.30 |
| Jan 7, 2026 | 54.40 | 52.20 | +2.20 |
| Dec 3, 2025 | 52.60 | 52.00 | +0.60 |
| Nov 5, 2025 | 52.40 | 50.70 | +1.70 |
| Oct 3, 2025 | 50.00 | 51.80 | -1.80 |
| Sep 4, 2025 | 52.00 | 50.90 | +1.10 |
| Aug 5, 2025 | 50.10 | 51.50 | -1.40 |
| Jul 3, 2025 | 50.80 | 50.80 | 0.00 |
| Jun 4, 2025 | 49.90 | 52.00 | -2.10 |
| May 5, 2025 | 51.60 | 50.20 | +1.40 |
| Apr 3, 2025 | 50.80 | 53.00 | -2.20 |
| Mar 5, 2025 | 53.50 | 52.50 | +1.00 |
| Feb 5, 2025 | 52.80 | 54.20 | -1.40 |
| Jan 7, 2025 | 54.10 | 53.50 | +0.60 |
| Dec 4, 2024 | 52.10 | 55.50 | -3.40 |
| Sep 5, 2024 | 51.50 | 51.30 | +0.20 |
| Aug 5, 2024 | 51.40 | 51.40 | 0.00 |
| Jul 3, 2024 | 48.80 | 52.60 | -3.80 |
| Mar 5, 2024 | 52.60 | 53.00 | -0.40 |
| Feb 5, 2024 | 53.40 | 52.00 | +1.40 |
| Apr 5, 2023 | 51.20 | 54.50 | -3.30 |
| Mar 3, 2023 | 55.10 | 54.50 | +0.60 |
| Feb 3, 2023 | 55.20 | 50.40 | +4.80 |
| Jan 6, 2023 | 49.60 | 55.00 | -5.40 |
| Dec 5, 2022 | 56.50 | 53.30 | +3.20 |
| Nov 3, 2022 | 54.40 | 55.50 | -1.10 |
| Oct 5, 2022 | 56.70 | 56.00 | +0.70 |
| Sep 6, 2022 | 56.90 | 55.10 | +1.80 |
| Aug 3, 2022 | 56.70 | 53.50 | +3.20 |
| Jul 6, 2022 | 55.30 | 54.30 | +1.00 |
| Jun 3, 2022 | 55.90 | 56.40 | -0.50 |
| May 4, 2022 | 57.10 | 58.50 | -1.40 |
| Apr 5, 2022 | 58.30 | 58.40 | -0.10 |
| Mar 3, 2022 | 56.50 | 61.00 | -4.50 |
| Feb 3, 2022 | 59.90 | 59.50 | +0.40 |
| Jan 6, 2022 | 62.00 | 66.90 | -4.90 |
| Dec 3, 2021 | 69.10 | 65.00 | +4.10 |
| Nov 3, 2021 | 66.70 | 62.00 | +4.70 |
| Oct 5, 2021 | 61.90 | 60.00 | +1.90 |
| Sep 3, 2021 | 61.70 | 61.50 | +0.20 |
